Vietnam borrows more than $530 million from international partners
The Vietnamese government signed six loans totaling $531.79 million in the first seven months of 2023, according to the Debt Management and External Finance Department.
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Vietnamese exporters have renegotiated higher prices for around half a million metric tons of rice, as global prices climbed to 15-year highs following India's ban on overseas sales last month.
Domestic air passenger transport has recovered significantly, with an annual rise of 41.8% recorded in the first seven months of 2023.
Local lenders have lowered 6-month deposit interest rates since August. Interest rates for 12-month terms range from 6–7% per year.
The Vietnamese government signed six loans totaling $531.79 million in the first seven months of 2023, according to the Debt Management and External Finance Department.
A document signed by Kuwait's oil minister and seen by Reuters showed that Vietnam's largest oil refinery, in which Kuwait Petroleum International (KPI) owns a stake, could lose $1 billion this year.
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