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Update news foreign loans
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 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.
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.
The Ministry of Finance recently reported to the Prime Minister on the disbursement of ODA and concessional foreign loans in 2021.
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).
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.
International Finance Corporation (IFC) announced on Tuesday they have granted a US$70 million loan to Vietnamese Indo Trans Logistics Corporation (ITL Corp).
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.
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.
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).
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
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.
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.