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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SE Asia Stocks-Follow broader Asia lower; Vietnam up

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Báo Tuổi Trẻ English 3 month(s) ago

Most Southeast Asian stock markets ended lower on Wednesday tracking losses in Asian peers following a weak handover from Wall Street, while Vietnam rose as consumer staples and utilities firmed up.

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Ex-boss of loss-making Vietnamese firm, allegedly hiding overseas, wanted at home

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Báo Tuổi Trẻ English 3 month(s) ago

A manhunt was launched by Vietnamese police on Monday for the former top executive of a state-run enterprise for his role in the company’s steep losses, even though the fugitive is believed to be hiding overseas.

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Five prosecuted for massive losses at state-run firm

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Báo Đầu Tư English 3 month(s) ago

The Ministry of Public Security’s Investigative Agency has decided to prosecute five former executives of the textile factory of the State-run giant, PetroVietnam, and a subsidiary, for causing considerable economic losses.

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Condolences to Portugal's President over forest fires

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Báo điện tử CP English 3 month(s) ago

VGP – State President Tran Dai Quang on June 19 sent a message of condolences to his Portugal President Marcelo Rebelo de Sousa over human and property losses caused by forest fires.

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Four arrested, one at large, as Vietnam probes massive losses at state-run firm

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnamese police have initiated criminal proceedings against five people responsible for sending a well-invested state-run enterprise into steep losses, officers announced on Tuesday.

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SE Asia stocks largely up ahead of Fed meet; Vietnam at 9-year high

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Báo Tuổi Trẻ English 3 month(s) ago

Most Southeast Asian markets ended higher on Tuesday, as investors took a cautiously optimistic stance ahead of a U.S. Federal Reserve policy meeting that could provide cues on the pace of rate hikes in the months to come.

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VN condemns terror attack in UK

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Báo điện tử CP English 3 month(s) ago

VGP – Viet Nam strongly condemns terrorist acts in any form, supposing that every terrorist act must be strictly punished, said Spokesperson of the Vietnamese Foreign Ministry Le Thi Thu Hang in response to the recent terror attack in London on June 3.

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Driver hurt in grab, Uber, taxi price war

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Báo Đầu Tư English 3 month(s) ago

Price competition between traditional taxis and ride hailing companies like Grab and Uber has become fierce, but it is mostly the drivers on both sides who are suffering the biggest losses.

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Sympathy to Sri Lanka over serious floods, landslides

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Báo điện tử CP English 4 month(s) ago

VGP – PM Nguyen Xuan Phuc cabled a message of symphathy to his Sir Lankan counterpart Ranil Wickremesinghe over the serious losses in human lives and property caused by recent floods and landslides in the country.

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Investors lose confidence, sell up

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Báo Đầu Tư English 4 month(s) ago

Viet Nam’s benchmark VN Index extended losses for a second day on Wednesday as investor confidence remained weak on worries about market conditions following a sharp drop on Tuesday.

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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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Loss-making shipping company turns down real estate investors

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Báo Đầu Tư English 4 month(s) ago

Despite continuous losses for many years, Northern Shipping Joint Stock Company (Nosco, ticker NOS on UPCoM) attracts many investors due to its abundant land reserves.

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Lotte Vietnam on losing streak since operations began

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Báo Đầu Tư English 4 month(s) ago

Since entering the Vietnamese market in 2006, Lotte Mart Vietnam has never had profit.

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Can Tho mulls subsidizing airlines to open new routes to Mekong Delta hub

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Báo Tuổi Trẻ English 4 month(s) ago

Authorities in Can Tho have offered to assist airlines in recouping potential losses from future flight routes to the southern city in response to some pilot services being ceased due to low bookings.

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