Banks’ messy cross-ownership resembles ‘bamboo shavings’

The State Bank of Vietnam is determined to get rid of cross-ownership status at banks, but the achievements remain modest.

Vietnam may miss 3.5% fiscal deficit for 2017

While a renewed focus on equitizing State-owned enterprises (SOEs) has been exhibited following the leadership transition in April last year, equitization alone is not a short-term solution to reducing the government’s fiscal deficit.

PM urges ’drastic’ measures to ensure growth target

Prime Minister Nguyễn Xuân Phúc, chairing the Government’s regular July meeting in Hà Nội on Thursday, asked officials to take measures to ensure their sectors and agencies reach this year’s growth targets.

Finance Ministry refuses to cut tax rates for coal industry

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

Exploiting more oil to meet GDP growth rate is risky

Exploiting more crude oil and coal to ensure GDP growth rate of 6.7 percent this year will be a very difficult task, an MPI report says.

Gov’t studies making use of idle dollars, gold

How to mobilise idle foreign currency and gold from locals to invest in business and production has become a hot issue recently, with the Government last week once again asking the State Bank of Việt Nam (SBV) to consider proposals.

Pumping oil and coal to gain GDP target faces difficulties

Boosting crude oil pumping and coal mining to achieve a gross domestic product (GDP) growth rate of 6.7% in 2017 is forecast to face difficulties mainly due to low prices, said the Ministry of Planning and Investment.
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