bailout

Update news bailout

 Greek and eurozone officials have failed to reach an agreement over Greece's debt crisis, though both sides said there was still hope for a deal.

VND30 trillion bailout fails, SBV plans VND50 trillion package

The State Bank of Vietnam (SBV) has submitted to the government a plan on launching a VND50 trillion a credit package aiming to help revive the commercial housing market.

Should the gov’t bail out State-owned enterprises?

The government has unexpectedly proposed to the National Assembly the use of the state budget to settle bad debts incurred by SOEs, even though the legislature has said that SOEs must take responsibility for their debts.

Ministry rejects rumors of the VND100 trillion bailout for real estate

The spokesperson of the Ministry of Construction has confirmed that the Ministry did not compile any project to support the real estate market with a VND100 trillion credit package as some newspapers reported in the last few days.

VND30 trillion bailout won’t rescue real estate market?

The Ministry of Construction and the State Bank both have loosened the requirements on the borrowers of the VND30 trillion package in an effort to speed up the disbursement. However, the power is in the hands of commercial banks.

BUSINESS IN BRIEF 6/11

 Bailout disbursed in dribs and drabs into real estate; SBV puts forward plan to increase lending given low credit growth; Vietnam Airlines to sell 2.7pct stake in Techcombank; Gov’t asked to contain inflation to attract more investors

VND30 trillion bailout disbursed in dribs and drabs

 VietNamNet Bridge – Government officials and experts have become impatient about the slow disbursement of the VND30 trillion bailout to be pumped into the real estate market.

BUSINESS IN BRIEF 24/7

 Ways sought for homebuyers to access stimulus package; Saigon Newport expands wharfs, warehouses; M&A deal value surges five times

State Bank urges disbursement of VND3tri. bailout

As the disbursement of the VND30 trillion bail-out is delayed, the State Bank of Vietnam (SBV) has asked five banks to quickly receive client applications and quickly respond them.

House purchasing loans still waits for criteria on “poverty line”

 VietNamNet Bridge - The Ministry of Construction has not made public the standards to define who the low income earners are, so it is difficult for banks to grant house-purchasing loans to this subject.

After fighting against inflation, VN now tries to stimulate demand

The bailouts, if they are launched, should target consumers in order to stimulate the demand, experts say, warning that the deflation, if it occurs, would be more dangerous than the inflation.

Aggregate demand cannot be recovered just on exports

The consumer price index (CPI) decrease in May is the indicator showing the weak aggregate demand in the national economy which needs to be stimulated to recover the economic growth.

Building material manufacturers regain consciousness on warming market

VietNamNet Bridge – The frozen real estate market is defrosting on the information about the disbursement of the VND30 trillion bailout, which has also revived the building material industry

Real estate bailout kicks off

The VND30 trillion bailout is believed to help warm up the real estate market, provided that the money can be driven to the right addresses.

BUSINESS IN BRIEF 17/5

 World electronics forum opens in capital; Hai Duong's IZs absorb $3 billion; VN rises as smartphone producer; Steel industry set to apply new standard; New stimulus plan buoys stock market

Rescue agriculture production or estate market?

VietNamNet Bridge – Arguments have been raised about who the government should gather strength to rescue, real estate developers or farmers, if they both are sinking.

Government thinks too much when rescuing businesses

The national economy remains very pale, while businesses have died like flies. Meanwhile, the government is still busy with particular calculation when mapping out the solutions to rescue businesses.

SBV promises bailout, real estate developers bubble over with joy

Real estate developers have sighed with relief after relevant ministries agreed to pump money into the frozen real estate market to rescue it.

Businesses complain they don’t receive proper care from the State

Businesses have been caught into a vicious circle. Since they cannot borrow money, their production has become stagnant and they cannot pay bank debts. And since they cannot pay debts, they cannot access bank loans.