Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 

 Vietnam budget income falls in challenge to expansion target

Go down 
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 35
Location : Planet far far away

PostSubject: Vietnam budget income falls in challenge to expansion target   Fri Jul 06, 2012 3:39 pm

Vietnam budget income falls in challenge to expansion target

Vietnam’s state budget income dropped in the first six months of 2012, making it more difficult for the government to spur growth in an economy that has expanded at a pace of below 5 percent this year.

State budget revenue dropped 1.7 percent in the first half from the same period last year, to 346 trillion dong ($16.6 billion), equivalent to 46.7 percent of the target for the full year, according to a statement from the Ministry of Finance.

The economy expanded 4.66 percent in the three months to June from a year earlier, and the government faces a challenge in meeting its 6-percent target in 2012 amid a deepening debt crisis in Europe and a growth slowdown in China. State income for the first half fell as slower expansion hurt businesses, according to the ministry’s statement today, even as the central bank cut interest rates this year.

“Drops in the state revenue will seriously affect the government’s plan of speeding up spending to boost the economy toward the end of this year,” said Le Dang Doanh, a former senior economist at the Ministry of Planning and Investment. “The government may have to sell more bonds to raise funds,” said Doanh, who has advised Prime Minister Nguyen Tan Dung.

Vietnam sold VND79 trillion of government bonds in the first half, three and half times the amount it raised from bond sales in the same period last year, the State Securities Commission said on its website Thursday.

Bond sales have benefited after Vietnam’s rating outlook was raised last month by Standard & Poor’s. They have also increased due to a surplus of funds at banks as lending decreased, according to Hoang Thanh Tam, head of fixed-income at Vietnam Maritime Commercial Joint-Stock Bank in Hanoi.

“Banks haven’t given as many loans as they wanted to because the current economic situation hurt businesses and trimmed demand for loans,” Tam said before the finance ministry report.


Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant

Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty
Back to top Go down
View user profile
Vietnam budget income falls in challenge to expansion target
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Post new topic   Reply to topicJump to: