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Update news foreign debts
The effective management of foreign loans has transformed Vietnam from a poor and heavily indebted country to one that international organisations consider to have a controlled external debt
The government is looking at loans and government bonds, among others, to meet growing demand of state expenditure.
Acting on behalf of the government in disbursing capital for the nation’s important projects, the Vietnam Development Bank (VDB) has been found committing serious violations.
Debt owed by provinces and cities is poised to increase steadily in the coming years as the Government will boost its on-lending of foreign loans and reduce budget allocations for projects using ODA and preferential loans in provinces.
VietNamNet Bridge - Most of the foreign debt owed by State-owned corporations is concentrated in key business sectors, where they must seek giant funds for projects.
VietNamNet Bridge – Infrastructure Development Investment Joint Stock Company under the Ministry of Construction is working on plans to transfer Dak Mi 4 and 4C hydropower plants to Dak Mi Hydropower Plant Joint Stock Company
VietNamNet Bridge – No one knows how big the “underground”, or unregistered foreign debt is, while the official foreign debt has been found to be increasing steadily.
VietNamNet Bridge – How much do private, foreign-invested, and state-owned businesses and credit institutions owe to foreign lenders?