By Donald Lambert - Principal private sector development specialist Asian Development Bank As a result, many SOEs are no longer borrowing through the government, but they are still using debts sub-optimally. That is a big deal. SOEs accounted for 29 per cent of GDP as of 2016 and comprised seven out of Vietnam’s 10 largest corporations in 2018. They are dominant in infrastructure and other sectors that are key to improving Vietnam’s productivity. … [Read more...] about How to drive the economy by reforming state-owned debt
United states federal debt
The U.S. Centers for Disease Control and Prevention (CDC) will open a regional office in Hanoi to increase its public health engagement in Southeast Asia, the U.S. Department of State (DOS) announced after an online ministerial meeting with the members of the Association of Southeast Asian Nations hosted by Vietnam on Thursday. … [Read more...] about US CDC to open Southeast Asian office in Hanoi: State Dept.
While Britain no longer holds much developing-country debt after forgiving most of it decades ago, as host of next year’s major U.N. climate summit it could put pressure on creditors in London’s financial center to participate in such swaps, he said. … [Read more...] about Debt swaps could free funds to tame climate, biodiversity and virus threats
Also joining the event virtually, Vietnamese Ambassador to the United States Hà Kim Ngọc and US Mission to ASEAN Chargé d'Affaires Melissa A. Brown, highlighted the importance of YSEALI and FUV in strengthening the future of Việt Nam and ASEAN. — VNS … [Read more...] about U.S. Department of State launches new YSEALI Academy at Fulbright University Vietnam
However, as Minister of Planning and Investment Nguyen Chi Dung said to the National Assembly in May, the amounts allocated to the medium- and long-term public investment plan could only resolve problems at old projects. Of the 9,600 ongoing projects, there are up to 8,000 old projects and 400 new projects. Though the transport ministry has spent significantly on repaying debts, it still has over VND20,000 billion left unpaid. … [Read more...] about Govt continues repaying debts of enterprises