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Official Gazette

Friday, November 22, 2019
Tags: foreign debts
Country seeks to make better use of its resources Country seeks to make better use of its resources
On January 15, Party General Secretary and President Nguyen Phu Trong signed Resolution 39-NQ/TW to enhance the efficiency of management, exploitation and use of the economy’s resources. In an exclusive interview granted to the Vietnam News Agency, Director General of the General Statistics Office of Vietnam Nguyen Bich Lam talks about what the country needs to do to optimize its resources for promoting national development.
Official Gazette issues Nos 01-04 December 2017 published on March 02 2018 Official Gazette issues Nos 01-04 December 2017, published on March 02, 2018
ASEAN capital transaction liberalization: impacts on investment activities in Vietnam ASEAN capital transaction liberalization: impacts on investment activities in Vietnam
This article analyzes two issues: (i) How far AEC has gone in the roadmap to achieve the purpose of capital transactions liberalization and (ii) impacts of the commitments within the AEC regarding capital transaction liberalization on Vietnam’s law on foreign exchange management and on investment activities.
Government determined to restructure state budget control public debts Government determined to restructure state budget, control public debts
The Government on June 19 issued Resolution 51/NQ-CP to enact an action program to achieve the targets set forth in Politburo Resolution No. 07 dated November 18, 2016, on guidelines and measures to restructure the state budget and manage public debts in order to ensure the safety and sustainability of the national finance.
VN issues restructuring action program VN issues restructuring action program
The Government has issued an action program to implement the policies on economic restructuring and building of a new growth model for the period between 2016 and 2020.
National Assembly approves pilot grant of e-visas for foreigners National Assembly approves pilot grant of e-visas for foreigners
The 14th National Assembly (NA) adopted a resolution on grant of e-visas on a pilot basis for foreigners entering Vietnam during its second session that concluded in Hanoi on November 23.
NA sets overspending below 3.5 percent of GDP by 2020 NA sets overspending below 3.5 percent of GDP by 2020
State budget overspending will be reduced to below 3.5 percent of GDP by 2020, while public debts, government debts and the country’s foreign debts will not exceed 65 percent, 54 percent and 50 percent, respectively, of GDP annually in the 2016-2020 period.
International integration strategy for building up national strength International integration strategy for building up national strength
Prime Minister Nguyen Tan Dung recently approved the Strategy for the country’s international integration through 2020, with a vision toward 2030, setting out the objectives, orientations and solutions to be implemented in economic, national defense and security and socio-cultural sectors.
Enterprises borrowing of foreign loans and payment of foreign debts to be strictly managed Enterprises’ borrowing of foreign loans and payment of foreign debts to be strictly managed
From April 15, information and data on enterprises’ borrowing of foreign loans and payment of foreign debts without government guarantee will be managed by the State Bank of Vietnam (SBV) at a website accessible via either www.sbv.gov.vn or www.qlnh.sbv.cic.org.vn.
Public debt below safety limit: PM Public debt below safety limit: PM
Prime Minister has affirmed that public debt remained below the safety limit of 65 percent of GDP, and predicted it would reach 64.9 percent by 2016 before sinking to 60.2 percent by 2020.

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