North Korean leader Kim Jong Un’s top military deputy met with a senior Communist Party official in China as ties between the allies showed strain over the North’s nuclear ambitions and the seizure of a fishing boat.
Vietnam will find it “difficult” to cut interest rates further this year, central bank Deputy Governor Nguyen Dong Tien said, as the nation moves to create an asset company that would clean up bad debt and revive growth.
Vietnamese Prime Minister Nguyen Tan Dung has approved a regulation to set up a debt asset management company to address bad loans in the country’s banking system, central bank Deputy Governor Le Minh Hung said today.
Vietnamese stocks advanced the most in Asia, with the benchmark index closing at the highest level in more than five weeks, after a drop in consumer prices in the two biggest cities signaled inflation may slow nationwide.
North Korea freed a Chinese fishing vessel and its crew after the boat’s owner posted updates on his microblog account saying that he’d been told to pay a 600,000- yuan ($97,800) ransom to win their release.