Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Vietnam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar yesterday. SEE MORE Budget revenue over GDP has fallen from 26.3% during the 2006-2010 period to 23.6% of GDP between 2011 and 2016, Finance Minister Dinh Tien Dung has confirmed. SEE MORE The economic performance in the last months of the year is expected to be healthy thanks to improvement in three major sectors – agriculture, industry & construction, and services. SEE MORE Economists have warned that many problems may arise if VND700 trillion is pumped into the national economy to raise the credit growth rate to 22 percent and obtain 6.7 percent GDP growth rate this year. SEE MORE Vietnam’s trade deficit was estimated to hit $2.13 billion in the first eight months of 2017, according to the General Department of Vietnam Customs. SEE MORE