HANOI – Vietnam’s public debts are poised to reach 63% of GDP late this
year and 64% next year, just a stone’s throwing from the threshold of
65% deemed by the National Assembly as menacing to the country’s
financial safety. SEE MORE Deepening worries over the health of the global economy dragged shares
in Europe and Japan lower on Tuesday, while the dollar rebounded against
the euro and yen from big declines the previous day. SEE MORE Vietnamese fuel distributors reduced the retail prices of
gasoline for the seventh time this year, following an order by two
ministries. SEE MORE As of quarter three, the balance of the fuel price stabilization fund
had risen to nearly VND2.3 trillion, the highest since the use of the
fund was made known to the public. SEE MORE It’s Tuesday morning and about three dozen vehicles are waiting for the
fuel truck to arrive at a service station on the island of Belitung,
Indonesia. Soon, a steady stream of cars will buy all the subsidized
diesel and many of the drivers will then siphon their ration into jerry
cans to sell at a profit.
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