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 official development assistance (ODA) and preferential loans in provinces.

Viet Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

The Deputy CEO of the scandal-hit Sabeco seems likely to become CEO of the beer giant after the position remained vacant for months and led to its recent leadership crisis.

In a document sent to the MoT at the beginning of this month the ACV proposed increasing a range of fees. At first the increase will be applied at Noi Bai in Hanoi, Danang, Tan Son Nhat in Ho Chi Minh City, Cam Ranh, Phu Quoc, Vinh, and Phu Bai.

While investors have become impatient about the state capital disinvestment process, the State Capital Investment Corporation (SCIC) and governing bodies have remained quiet.

 A series of huge projects developed by economic groups belonging to the Ministry of Industry and Trade (MOIT) have reported losses worth trillions of dong of the state’s money.