New shipbuilding firm to begin operations

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VietNam News English 3 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 3 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 3 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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In Vietnam corruption means death, sometimes...

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Báo Thanh Niên English 4 month(s) ago

In Vietnam corruption means death, sometimes...

Tough sentencing - like the capital punishment recently doled out to former state executives - may temporarily deter grand corruption, but fundamental changes are needed to weed it out in the long run, analysts say

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Economist points finger at poor management for state firms’ inefficiency

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Báo Thanh Niên English 4 month(s) ago

Economist points finger at poor management for state firms’ inefficiency

A file photo of a ship built by the state owned shipbuilding group Vinashin at the launching ceremony. The debt-ridden shipbuilder was restructured and renamed Shipbuilding Industry Corp. in November 2013.

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Japanese weigh anchor at Cam Ranh shipyard

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Báo Đầu Tư English 4 month(s) ago

Japanese weigh anchor at Cam Ranh shipyard

The Khanh Hoa Provincial People’s Committee will call on investors to develop a shipyard in Cam Ranh Bay as soon as the project’s current Japanese investor officially has their investment certificate withdrawn.

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Koreans and Japanese to rescue VN shipbuilding industry?

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VietnamNet English 4 month(s) ago

Koreans and Japanese to rescue VN shipbuilding industry?

VietNamNet Bridge – Opinions from a well-informed circle say South Korean and Japanese “big guys” would jump into the Vietnamese shipbuilding industry. Does it mean the shipbuilding industry will be saved?

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Vinashin bankruptcy means wasted land in Haiphong

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Báo Dân Trí English 4 month(s) ago 1 duplicate news

Vinashin bankruptcy means wasted land in Haiphong

The bankruptcy of the Vietnam Shipbuilding Industry Group (Vinashin) has caused the delay of many projects, leading to serious land waste in Haiphong city, affecting local households.

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Economic downturn hits Vietnam insurance market

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Báo Thanh Niên English 5 month(s) ago

Economic downturn hits Vietnam insurance market

A salesperson (R) of motorbike insurance prepares documents for the customers by her street-side stall / PHOTO: DIEP DUC MINH

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PM decision to accelerate textile projects

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Báo Đầu Tư English 5 month(s) ago

PM decision to accelerate textile projects

Two Hong Kong-backed textile and garment projects in the northern Hai Duong province are expected to push forward after being long bogged down by site clearance procedures.

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Two former Vinalines leaders prosecuted for corruption

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VietnamNet English 5 month(s) ago

Two former Vinalines leaders prosecuted for corruption

VietNamNet Bridge – Two former leaders from a subsidiary of the Vietnam National Shipping Lines (Vinalines), along with two accomplices are being prosecuted for “asset misappropriation” in the Floating Dock 83M case.

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Two former Vinalines leaders prosecuted for corruption

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Báo Dân Trí English 5 month(s) ago

Two former Vinalines leaders prosecuted for corruption

Two former leaders from a subsidiary of the Vietnam National Shipping Lines (Vinalines), along with two accomplices are being prosecuted for “asset misappropriation” in the Floating Dock 83M case.

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Troubled state companies passed around Vietnam's public sector

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Báo Thanh Niên English 5 month(s) ago

Troubled state companies passed around Vietnam's public sector

Dung Quat Shipyard in the central province of Quang Ngai was transfered from Vinashin to PetroVietnam in 2010 / PHOTO: DIEP DUC MINH

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VAMC purchases bad debts from 14 banks

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VietnamNet English 5 month(s) ago 1 related news

VietNamNet Bridge - By the end of October, the Vietnam Assets Management Company (VAMC) purchased VND11 trillion of bad debts from 14 banks, despite the fact that more than 20 banks had lined up to sell about VND38 trillion of bad debts.

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SBIC turns Vinashin into the past

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Báo Đầu Tư English 5 month(s) ago 5 related news

SBIC turns Vinashin into the past

Troubled state ship builder Vinashin, which had become a byword for corruption and financial mismanagement, has finally been disbanded, as the Ministry of Transport last week announced their decision to set up the Shipbuilding Industry Corp to replace the state-owned enterprise suffering from excessive debts.

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