Shipper initiates bankruptcy process

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VietNam News English 5 month(s) ago

Vinashin Ocean Shipping Company (Vinashinlines) has requested for bankruptcy procedures to be initiated at the Ha Noi People's Court.

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Damen-Song Cam shipyard partly put into use

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VietnamPlus English 5 month(s) ago

The Damen-Song Cam Shipyard Co. Ltd on March 20 inaugurated facilities in phase I of the Damen-Song Cam Shipyard in the northern port city of Hai Phong.

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Ministry of Transport keeps equitisation on right track

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VietnamPlus English 5 month(s) ago

The Ministry of Transport is determined to equitise SOEs under its control to improve production and business activities, Transport Minister Dinh La Thang spoke to the Tin Tuc (News) Newspaper.

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Equitisation will be expedited

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VietNam News English 5 month(s) ago 1 duplicate news

The Ministry of Transport is determined to equitise SOEs under its control to improve production and business activities, Minister Dinh La Thang spoke to the Tin Tuc (News) Newspaper.

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US – the target destination for big bosses who commit mortal sins

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VietnamNet English 6 month(s) ago

US – the target destination for big bosses who commit mortal sins

VietNamNet Bridge – Anticipating that the mortal sins they committed would cast them into prison, a lot of “big bosses” tried to escape over the border. The US proves to be the most wanted destination.

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Officials jailed for scam at Vietnam shipping company

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Báo Thanh Niên English 6 month(s) ago

Officials jailed for scam at Vietnam shipping company

Five former officials stood a trial in Hanoi for a scam at a subsidiary of the state-owned shipping giant Vinalines on February 28 / PHOTO: MAI HA

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Government-backed loans still rise despite restrictions

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SaigonTimes English 6 month(s) ago

HANOI – The total value of government-backed foreign loans still rose in 2013 though the Government has urged restrictions by approving a debt management program in the 2013-2015 period with an aim to cut guarantees for foreign loans.

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Samsung may help revive ship industry

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VietNam News English 6 month(s) ago 2 duplicate news

Samsung may help revive ship industry

The Government has called on relevant bodies to accelerate co-ordination efforts with the Samsung group to restructure domestic shipbuilding activities.

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Vietnam state shipbuilder says $374.8 mln of debts written off

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Báo Thanh Niên English 8 month(s) ago

Debt-ridden state-owned shipbuilder Vinashin said there was a VND7.9 trillion (US$374.855 million) debt write-off last year.

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SBIC yet to make gains

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SaigonTimes English 7 month(s) ago 2 related news

HANOI – Shipbuilding Industry Corporation (SBIC), successor of the heavily indebted Vinashin, has yet to gain profits as reported, but its loss has been reduced by VND7.9 trillion after financial restructuring, said SBIC chairman Nguyen Ngoc Su.

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A lot of big guys met crushing misfortune in 2013

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VietnamNet English 8 month(s) ago

A lot of big guys met crushing misfortune in 2013

VietNamNet Bridge – 2013 was a horrible year for some state owned conglomerates which were considered the “iron fists,” or the “motive force” of the national economy.

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Ministry aims to finish equitising Vietnam Airlines

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VietnamPlus English 8 month(s) ago

Ministry aims to finish equitising Vietnam Airlines

The Ministry of Transport is determined to speed up the equitisation of the national carrier Vietnam Airlines.

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New shipbuilding firm to begin operations

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VietNam News English 8 month(s) ago 1 related news

The Shipbuilding Industry Corporation (SBIC) begins operations this month as part of the restructuring of the heavily indebted Viet Nam Shipbuilding Industry Group (Vinashin).

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New national shipbuilding firm debuts

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SaigonTimes English 8 month(s) ago 1 related news

HANOI – Shipbuilding Industry Corporation (SBIC), which is built from the wreckage of the heavily indebted Vinashin Group, debuted on Monday to officially replace Vinashin from January 1, 2014.

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The huge ship refuse tip in East Sea

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VietnamNet English 8 month(s) ago

The huge ship refuse tip in East Sea

VietNamNet Bridge – A lot of vessels worth trillions of dong have become scrap iron and left useless in the East Sea, turning the sea into the trillion-of-dong refuse tip.

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