Strong baht forces 127 exporters out of business

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VietnamPlus English 1 week(s) ago

As many as 127 exporters in Thailand have shut their doors in the first four months of 2013 as a result of the Thai baht appreciation against other currencies.

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State Bank urged to slow down bad debt settlement

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Báo Đầu Tư English 1 week(s) ago 2 related news

State Bank urged to slow down bad debt settlement

Economists and banking leaders have proposed that the State Bank of Vietnam (SBV) delay the deadline to deal with bad debts to improve the access to capital for firms.

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State Bank urged to slow down bad debt settlement

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Báo Dân Trí English 1 week(s) ago 2 related news

State Bank urged to slow down bad debt settlement

Economists and banking leaders have proposed that the State Bank of Vietnam (SBV) delay the deadline to deal with bad debts to improve the access to capital for firms.

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Businesses got bankrupted; businessmen turn into hired workers, gardeners

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VietnamNet English 1 week(s) ago

Businesses got bankrupted; businessmen turn into hired workers, gardeners

VietNamNet Bridge – A lot bosses have become hired workers in the economic crisis, many businessmen have become penniless, and many millionaires have returned to their home villages to work on the rice fields.

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Vietnam’s economy remains sluggish

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Báo Dân Trí English 2 week(s) ago

Vietnam’s economy remains sluggish

A total of 16,000 enterprises across Vietnam had filed for bankruptcy in the first four months of this year, up 16.9% from a year earlier, a report said.

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As cement sector sours, foreign firms eye M&As

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Báo Đầu Tư English 2 week(s) ago

As cement sector sours, foreign firms eye M&As

The hard time in Vietnam’s cement industry is creating golden opportunities for foreign investors to buy in domestic cement companies on the verge of bankruptcy.

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Bad debt concern grows over new regulation

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Báo Tuổi Trẻ English 3 week(s) ago

Bad debt concern grows over new regulation

The State Bank of Vietnam has asked banks to classify their outstanding loans by June 1, a request insiders say will affect both the lenders and borrowers and increase concerns on nonperforming loans.

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Actor-businessman laments land rent delay

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Báo Tuổi Trẻ English 1 month(s) ago

Actor-businessman laments land rent delay

Nguyen Chanh Tin, a famed actor, film producer and businessman, recently protested against the delay in completing his land rent, which he claimed caused him huge losses and plunged his company into the brink of bankruptcy.

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Cement manufacturers want to sell themselves to foreigners

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VietnamNet English 1 month(s) ago 1 related news

Cement manufacturers want to sell themselves to foreigners

VietNamNet Bridge – About 20 percent of Vietnamese cement enterprises have been put on the brink of bankruptcy. The solution they most think of now is to sell themselves to foreign investors who would pump money to clear debts and restructure enterprises.

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Government-guaranteed bond good for Vinashin restructure: economist

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Báo Thanh Niên English 1 month(s) ago

Government-guaranteed bond good for Vinashin restructure: economist

Workers build a ship at a Vinashin shipyard in the central province of Quang Ngai.

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Workforce doesn’t change over the last 5 years

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VietnamNet English 1 month(s) ago

Workforce doesn’t change over the last 5 years

VietNamNet Bridge – The number of workers at enterprises has reportedly not increased over the last 5 years. New workers have been employed to offset the left ones, not to serve the enterprises’ business expansion plans.

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Building material businesses on verge of bankruptcy

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VOV News English 1 month(s) ago

Building material businesses on verge of bankruptcy

(VOV) -Many building material factories in Vietnam have had to cease operation in recent months as they cannot find outlets for their products.

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New rule aims to reduce number of weak banks

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VietnamNet English 1 month(s) ago

New rule aims to reduce number of weak banks

VietNamNet Bridge – Under performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27.

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New rule aims to reduce number of weak banks

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Báo QĐND English 1 month(s) ago 2 related news

New rule aims to reduce number of weak banks

Under-performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27.

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New rule aims to reduce number of weak banks

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VietnamPlus English 1 month(s) ago 2 related news

Under-performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27. Circular No07/2013/TT-NHNN requires that certain banks restructure through merger or acquisition with other credit institutions.

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