PM okays fiscal policy stabilization program
09:58 | 16/05/2017 Finance - Banking
(VEN) - Prime Minister Nguyen Xuan Phuc has just approved the medium-term debt management program for the 2016-2018 period, including gradually reducing domestic and foreign loans and suspending government guarantees for new domestic and foreign loans to keep public debt at safe levels.
Banks pledge stable lending rates
14:57 | 09/05/2017 Finance - Banking
(VEN) - Good liquidity and increases in mobilized capital are considered necessary conditions for keeping interest rates stable in the second quarter, in particular, and 2017 as a whole. Many commercial banks say there is no pressure to increase interest rates.
Over VND17.5 trillion worth of G-bonds allocated to ministries and provinces
09:23 | 05/05/2017 Finance - Banking
Prime Minister Nguyen Xuan Phuc has signed a decision on the assignment of more than VND17.5 trillion (US$770 million) from Government bond (G-bond) sales to two ministries and ten provinces in the 2017-2020 period and in 2017, for the implementation of transport and irrigation projects, and resident migration and resettlement of the Son La Hydropower Plant.