Creditors may be allowed to go bankrupt

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Báo Dân Trí English 2 week(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 2 week(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 1 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 3 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 4 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 4 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 5 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 6 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 6 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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Vietnamese poultry sector seeks export

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VietnamPlus English 6 month(s) ago

Facing mounting pressure from cheap imported chicken, domestic products are examining export options, stated Nguyen Tri Cong, Chairman of Dong Nai province’s Livestock Association.

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Mekong Delta to boost tra fish production, consumption

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Báo Đầu Tư English 6 month(s) ago 1 duplicate news

Mekong Delta to boost tra fish production, consumption

Government agencies have been asked to help farmers identify the most desirable tra fish products in local and overseas markets, in an aim to increase production and consumption.

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Spain's Ciudad Real airport sold at auction for €10,000

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VietnamNet English 7 month(s) ago

Spain's Ciudad Real airport sold at auction for €10,000

A group of international investors has won a bankruptcy auction for an abandoned airport in central Spain with a €10,000 (£7,000) offer - 100,000 times less than it cost to build.

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Agencies still unable to solve minimum-wage issue

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VietnamNet English 7 month(s) ago

Agencies still unable to solve minimum-wage issue

VietNamNet Bridge - Every year, the Ministry of Labor, War Invalids and Social Affairs (MOLISA) and relevant agencies discuss the minimum wage increase, but both businesses and workers have not seen benefits.

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Greek parliament approves bailout measures as Syriza fragments

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Báo Thanh Niên English 7 month(s) ago 4 related news

Greek parliament approves bailout measures as Syriza fragments

The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.

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Singapore adopted Bankruptcy Amendment Bill

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VietnamPlus English 7 month(s) ago

Singapore recently has approved the Bankruptcy Amendment Bill, aiming to improve the bankruptcy regime, and ensuring that bankrupts have a greater certainty as to when they are eligible to be discharged.

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