Debt burden risks budget stability 10:00 | 28/05/2021
Vietnam has had outstanding economic development in recent decades, even through the pandemic so far. However, public debt remains a concern among government officials who soon must cope with the maturity of the previous five years of debts, which may affect the state budget for the 2021-2025 period.
The government may have to borrow its way out of difficulties. Photo: Le Tien
With the National Assembly (NA) yet to consider and approve the ceiling for the governmentâs debt repayment targets, the government may recalculate these targets to ensure national financial security and promote rapid and sustainable economic growth.
Questions over air titansâ funding plans 11:49 | 04/05/2021
Airlines are looking at new ways to raise funds after a terrible situation for aviation in 2020
According to Pham The Anh, chief economist at the Vietnam Institute for Economic and Policy Research, airlines plan fundraising on the stock market as favourable conditions in the stock market are in reach. This may therefore be a good solution for them to access more financial sources for operations amid the pandemic. However, many experts warn that it will not be easy for air carriers to mobilise tens of trillions of VND in the stock market at this time because their tickers are simply less attractive than others.
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VEPR: Vietnamese economy could grow by 6.3% in 2021
Wed, 28 April 2021
The Vietnamese economy could grow by about 6-6.3 per cent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research (VEPR) during a workshop recently held to announce the Vietnam Quarterly Macro-Economic Report.
VEPR’s report said the global economy has shown signs of recovery thanks to the availability of Covid-19 vaccines, but instability remains while growth is uneven among nations and economies.
In the first quarter, Vietnam’s economic growth hit 4.48 per cent thanks to the government’s drastic actions to control the pandemic from the early stages, along with the signing of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement.
Stock Exchange and
UPCOM, rose 15.6 percent year-on-year in the fourth quarter of 2020.
With
outstanding economic recovery, listed companies’ profits are estimated to grow
23 percent this year, said VNDirect.
However,
despite a bullish outlook, many companies submitted lower business plans
compared to last year to shareholders.
Pha
Lai Thermal Power JSC (PPC) set a target of nearly 5.7 trillion VND in total
revenue, down 31 percent over last year, resulting in a drop of 66 percent in
profit before tax to 415 billion VND.
Although
the power sector is expected to grow as it has recovered strongly, PPC s profit
target is the lowest since 2014.
During