Vietnam chemical giant calls for gov’t help with $125mn Chinese loan

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Báo Tuổi Trẻ English 2 month(s) ago

When its fertilizer plant funded by Chinese bank loans was bogged down by losses, state-run Vietnamese chemical giant Vinachem immediately turned to the government for help, instead of seeking solutions to revitalize the loss-making project.

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India approves plan to sell stake in state-owned Air India

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Báo Đầu Tư English 3 month(s) ago

NEW DELHI: India's cabinet approved on Wednesday (Jun 28) plans to sell a stake in state-run Air India as the debt-saddled carrier struggles to compete with low-cost rivals in one of the world's fastest-growing airline markets.

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Maritime and property auction laws to take effect July 1

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Báo Đầu Tư English 3 month(s) ago

The revised Vietnam Maritime Code and the Law on Property Auction will officially take effect from Saturday (July 1).

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Ocean Bank finds new foreign owner

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Báo Đầu Tư English 3 month(s) ago

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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Public debts surpass its peak, says Finance Minister

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Báo điện tử CP English 3 month(s) ago

VGP – Public debts have been put under control in “a progressive” manner in the 2016-2017 period. Viet Nam was able to put aside the debt peak concern raised in 2014, said Minister of Finance Dinh Tien Dung.

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Economists suggest dealing with bad debts before meting out punishment

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Báo Đầu Tư English 3 month(s) ago

The National Assembly (NA) was discussing bad debts settlements and how to deal with those responsible for these bad debts, with the hope that there will be detailed regulations on solving these problems, bringing about liquidity and transparency in the economy.

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New guidelines issued for debt trading

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Báo Đầu Tư English 3 month(s) ago

The Ministry of Finance has issued a circular to guide the implementation of Decree 69/2016/ND-CP on conditions for debt trading.

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SBV forecast to raise credit growth by 1-2%

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Báo Đầu Tư English 4 month(s) ago

The central bank is likely to raise credit growth target by 1-2 per cent from the original 17-18 per cent for 2017, the Bao Viet Securities Company (BVSC) said.

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Philippine casino attacker a gambling addict, not terrorist: Police

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Báo Đầu Tư English 4 month(s) ago

MANILA: An armed man who killed 37 people when he set fire to a casino in the Philippine capital was a father-of-three from Manila motivated by heavy gambling debts and not terrorism, authorities said on Sunday (Jun 4).

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Fate of Vietnamese shipbuilder, once collapsed, remains uncertain

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Báo Tuổi Trẻ English 4 month(s) ago

Despite being expected to start operating at a profit after three years of operation, the future of a company formed out of the collapse of a beleaguered Vietnamese shipbuilder remains uncertain.

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Bank for Social Policies’ capital rises 6.7%

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Báo Đầu Tư English 4 month(s) ago

The Bank for Social Policies’ total capital at the end of the first quarter rose 6.7 per cent against December 2016 to VND173.34 trillion (US$7.6 billion), its latest report shows.

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Shares set for marginal growth this week

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Báo Đầu Tư English 4 month(s) ago

Shares are forecasted to extend a rally this week. However, experts expect a slower pace of growth, as profit-taking selling pressure increases as the benchmark VN-Index continuously touches new nine-year highs.

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Property sector to see many mergers, acquisitions

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Báo Đầu Tư English 4 month(s) ago

The real estate market is busy with mergers and acquisitions (M&A), which are forecast to touch a record high this year, driven by the sector’s steady recovery.

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Banks to up capital by $1.6b

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Báo Đầu Tư English 4 month(s) ago

The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VNĐ37 trillion (US$1.62 billion).

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PetroVietnam set to lose $220mn on loss-making shipbuilder

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Báo Tuổi Trẻ English 4 month(s) ago

An investment of nearly US$225 million by state-run PetroVietnam, made to revitalize a struggling shipbuilder, is likely to become money down the drain as the loss-making firm is on the verge of bankruptcy.

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