Weekly roundup: Caves discovery, energy dilemma, Euro gambling

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Báo Thanh Niên English 2 month(s) ago

Weekly roundup: Caves discovery, energy dilemma, Euro gambling

Once bitten: Vietnam province opposes hydropower plant

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Equitisation process faces difficulties

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Báo Dân Trí English 2 month(s) ago

Equitisation process faces difficulties

According to the Ministry of Finance, weak and inefficient firms should go bankrupt if the equitisation process fails.

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M&A information to be released

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Báo Đầu Tư English 5 month(s) ago

M&A information to be released

Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders' meetings is around the corner.

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South Korean lender has Camko in its sights

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VietStock FI English 5 month(s) ago

Korean loan provider Rush and Cash has been selected as the preferred bidder for Camko Specialised Bank, after 100 per cent of its shares were put up for sale last month by a South Korean state-run deposit insurer.

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Gloomy future for VN steel industry

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VietnamNet English 6 month(s) ago 1 related news

Gloomy future for VN steel industry

VietNamNet Bridge - Steel mills now have to struggle to compete with imports from China. If the Ministry of Industry and Trade (MOIT) does not take temporary safeguard measures, a series of enterprises will go bankrupt.

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Busan’s failure snares Camko bank

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VietStock FI English 6 month(s) ago

Camko Specialized Bank is attempting to sell a 100 per cent stake in the bank to comply with a South Korean court order to dilute the equity stake of its majority stakeholder, which filed for bankruptcy five years ago, bank officials said yesterday.

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Creditors may be allowed to go bankrupt

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Báo Dân Trí English 7 month(s) ago 2 related news

Creditors may be allowed to go bankrupt

The State Bank of Vietnam (SBV) would consider allowing some ailing financial companies and people's credit funds to declare bankruptcy this year, according to Deputy Governor Nguyen Phuoc Thanh.

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Creditors may be allowed to go bankrupt

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VOV News English 7 month(s) ago 2 related news

Creditors may be allowed to go bankrupt

The State Bank of Vietnam (SBV) would consider allowing some ailing financial companies and people's credit funds to declare bankruptcy this year, according to Deputy Governor Nguyen Phuoc Thanh.

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Nearly 95,000 enterprises established in 2015

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Báo điện tử CP English 8 month(s) ago 3 related news

VGP – As many as 94,754 businesses were set up in 2015, up nearly 30% compared to 2014, according to the Ministry of Planning and Investment.

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Four years of major restructuring of the banking system

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VietnamNet English 10 month(s) ago 1 related news

Four years of major restructuring of the banking system

VietNamNet Bridge - The number of commercial banks cut from 42 to 34 in the last four years when the banking system underwent a restructuring process, considered ‘major surgery’. No bank went bankrupt. Three banks were taken over by the State Bank (SBV) at a price of zero dong.

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Businesses worried as insurance premium, union dues too high

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VietnamNet English 11 month(s) ago

VietNamNet Bridge - The sharp minimum wage increase of 12.4 percent and the new insurance premium calculations to be applied from 2016 have caused concern among businesses.

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Mekong Delta farmers warned climate change to affect livelihood

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VietnamNet English 12 month(s) ago

Mekong Delta farmers warned climate change to affect livelihood

VietNamNet Bridge - If there are no reasonable solutions to adapt to climate change, Mekong River Delta residents will have to scale down their agricultural production in the near future, or go bankrupt because of lack of materials for production.

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Government mulls nixing tax fines, fees

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VOV News English 12 month(s) ago 1 duplicate news

Government mulls nixing tax fines, fees

The Ministry of Finance has proposed to the National Assembly waiving nearly VND9 trillion (US$409 million) of fines on enterprises for late tax payments, while also suggesting cuts on several types of tax.

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Proposed wage increase worries businesses

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VietnamNet English 13 month(s) ago

Proposed wage increase worries businesses

VietNamNet Bridge - Businesses say that a proposed minimum wage of 16 percent in 2016 will cause them to go bankrupt, and local products would not have export markets if workers are laid off.

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25 bankers jailed for lending to bankrupt company

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Báo Thanh Niên English 13 month(s) ago

25 bankers jailed for lending to bankrupt company

A Soc Trang Province court Monday handed down jail terms of two to seven years to 25 bank executives for illegally lending to a seafood company that went bankrupt after owing more than VND1.6 trillion (US$75 million).

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