Government plans to borrow VNĐ1.7 quadrillion in 2021-23

The Vietnamese Government plans to borrow more than VNĐ1.7 quadrillion (US$73.2 billion) in the 2021-23 period to meet the capital demand for socio-economic development, according to the public debt management plan for the next three years approved late last week.

Public debt need to be mobilised from domestic financial reserve funds, says expert Prime Minister Nguyễn Xuân Phúc has planned to increase budget spending and public debt to support enterprises, avoiding interruption and losses of production capacity in key sectors.

Việt Nam hopes for more ADB support: PM Phúc PM Phúc said that Sidgwick’s tenure in Việt Nam over the past five years has been a success, as evaluations and policy consultations of the ADB and the official are of great importance to the country’s economic development.

NA deputies bemoan Gov’t's capricious submissions of draft laws for review

National Assembly deputies aired their grievances about the Government's failure to submit draft laws for parliamentary review in line with the agenda, during a discussion held on Friday to look at legislative building for 2020-21. 

Course on sustainable debt management held in Hà Nội A training course on sustainable national debt management is taking place in Hanoi as part of Vietnam’s public debt management reform programme.

NA concerned over security risks as Gov't mulls visa exemption for foreigners Lawmakers today asked for more careful consideration of the draft amended law on exit and entry of foreigners, which would exempt visa for those who stay a duration of less than 30 days in a coastal economic zone.

Thai Airways may stop direct flights to four SE Asian countries Thai national flag carrier Thai Airways International is considering stopping direct routes between its capital Bangkok and Việt Nam, Cambodia, Laos and Myanmar, according to Sumeth Damrongchaitham, president of the airline.

Foreign debts under Government’s control: Deputy PM The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vương Đình Huệ said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hà Nội last Friday.

Programme promotes foreign language training for cadres and civil servants The Ministry of Home Affairs is drafting a national programme on foreign language training for cadres and civil servants to help them improve their language proficiency and performance at work.

Budget revenue rises 13 per cent in first half of year State budget revenue in the first six months of this year hit nearly VNĐ745.4 trillion (US$31.9 billion), up 13.2 per cent over the same period last year and 52.8 per cent of the Government’s target for the year.