foreign loans

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foreign loans

Foreign ODA and concessional loans reach 15.5% of target

Disbursement of foreign official development assistance (ODA) and concessional loans has been slow, achieving only 15.48% of the target, the Ministry of Finance reported.

Be Group receives US$100 million loan from Deutsche Bank
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Be Group receives US$100 million loan from Deutsche Bank

Be Group Joint Stock Company, the owner and developer of the on-demand multi-service consumer platform “be”, has inked a US$100 million with the Deutsche Bank.
Is stricter control on foreign loans against the trend?
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Is stricter control on foreign loans against the trend?

The State Bank of Vietnam (SBV) is gathering feedback on a draft circular to replace Circular 12/2014/TT-NHNN, which stipulates conditions for enterprises to take out foreign loans without Government guarantees.
Solutions to ineffective use of foreign loans
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Solutions to ineffective use of foreign loans

The Ministry of Finance recently reported to the Prime Minister on the disbursement of ODA and concessional foreign loans in 2021.
EVN inks non-Government guaranteed loan worth 80 million EUR with AFD
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EVN inks non-Government guaranteed loan worth 80 million EUR with AFD

The Vietnam Electricity Group (EVN) and the French Development Agency (AFD) on March 28 signed a agreement on a non-Government guaranteed loan worth 80 million EUR (87.8 million USD).

From national credit to corporate credit: answer to cheap capital
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From national credit to corporate credit: answer to cheap capital

Vietnam's credit rating, which is still rated at BB is one of the reasons why Vietnamese enterprises have limited access to international capital and have high borrowing costs.

 

Foreign banks confident and committed to Vietnam's economy
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Foreign banks confident and committed to Vietnam's economy

International Finance Corporation (IFC) announced on Tuesday they have granted a US$70 million loan to Vietnamese Indo Trans Logistics Corporation (ITL Corp). 

Finance ministry says public investment funds borrowed from abroad must be disbursed quicker
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Finance ministry says public investment funds borrowed from abroad must be disbursed quicker

Loans borrowed from abroad for public investment must be disbursed quicker if Vietnam is to recover economically from the impacts of the coronavirus pandemic, according to the Ministry of Finance.

 

Guidance on foreign loans
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Guidance on foreign loans

VietNamNet Bridge – The State Bank of Viet Nam issued Circular 25/2014/TT-NHNN on 15 September 2014 to guide registration of foreign loans not guaranteed by the Government and changes made to their terms and conditions.
Electricity industry seeks more investment capital
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Electricity industry seeks more investment capital

 VietNamNet Bridge – Capital demand for building infrastructure of the electricity industry is increasing, but the industry still has difficulty in gaining access to it, stated Electricity of Viet Nam (EVN).
BUSINESS IN BRIEF 4/1
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BUSINESS IN BRIEF 4/1

 Gov’t intensifies crackdown on trade fraud; Restrictions on foreign currency tightened; No gov't back up for foreign loans; Manufacturing output rises at fastest pace, says HSBC; Vietnam attracts nearly US$22 bln in FDI
More enterprises turn to cheap foreign loans
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More enterprises turn to cheap foreign loans

 VietNamNet Bridge – Many enterprises have taken out U.S. dollar loans from foreign individuals and organizations to benefit from low interest rates, at around 1% a year.
Vietnam pays $2.81 billion of foreign loans and aid
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Vietnam pays $2.81 billion of foreign loans and aid

According to the General Statistics Office of Vietnam, by July 15, 2013, Vietnam paid foreign debts and aid worth VND56.2 trillion ($2.81 billion), equivalent to 53.5 percent of the yearly estimate.