Vietnam gov’t to stop paying debts of state-owned companies

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Báo Tuổi Trẻ English 4 day(s) ago

Vietnam’s government will no longer shoulder the debt burden of state-owned enterprises, Minister of Finance Dinh Tien Dung told lawmakers as the country revises its law on public debts.

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Ha Tinh targets Vung Ang Economic Zone investment

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Báo Dân Trí English 1 week(s) ago

Local authorities in the central province of Ha Tinh believes that a new investment wave in Vung Ang Economic Zone can save many firms from bankruptcy.

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Embezzlers at State-owned Vinashinlines come to trial

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Báo Đầu Tư English 1 month(s) ago

The Hanoi People’s Court opened a first instance trial on February 16 on the asset embezzlement at the State-owned Vinashin Ocean Shipping Co. Ltd (Vinashinlines), which is awaiting bankruptcy.

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Ministry of Industry and Trade facing 12 loss-making projects

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Báo Dân Trí English 1 month(s) ago

The Ministry of Industry and Trade has recently submitted a list of seven additional loss-making projects to the government, raising the ministry’s total number of failing projects to 12.

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Dung Quat Shipbuilding Co., Ltd on verge of bankruptcy

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Báo Dân Trí English 3 month(s) ago

The Ministry of Industry and Trade (MoIT) has reported that the Dung Quat Shipbuilding Co., Ltd. faces high risk of bankruptcy due to big losses.

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Ministry may pull the plug on Dung Quat Shipbuilding Industry Co., Ltd

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Báo Đầu Tư English 4 month(s) ago

As reported by newswire vneconomy.vn, bankruptcy is one of the options for Dung Quat Shipbuilding Co., Ltd., Vietnam National Oil and Gas Group (PetroVietnam)’s shipbuilding subsidiary.

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Bankrupt firms continue to rise

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Báo Dân Trí English 4 month(s) ago

Up to 10,400 Vietnamese enterprises have gone bankrupt between January and November this year, up 23.3% on-year, according to the General Statistics Office.

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Bankrupt shipping firm leaves containers in Vietnam

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Báo Dân Trí English 4 month(s) ago

Bankrupt South Korean shipping giant Hanjin has left up to 4,122 containers at HCM City ports, said the Vietnam Maritime Administration (Vinamarine).

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Government will not save ‘zombie’ banks

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Báo Đầu Tư English 5 month(s) ago

The Government will consider the possibility of letting poor performing commercial banks go bankrupt, instead of saving them as it did in the past, Deputy Prime Minister Vương Đình Huệ has said.

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Gov’t may sell inefficent State enterprises

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Báo Đầu Tư English 5 month(s) ago

State-owned enterprises (SOEs) which record prolonged losses and lose equity capital may be put up for sale or declared bankruptcy according to law.

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Vietnam exporters seek help after Hanjin bankruptcy

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Báo Đầu Tư English 6 month(s) ago

Local exporters, freight forwarding firms and seaports are calling for Government support to ease the effects of the bankruptcy filed by South Korea's Hanjin Shipping Global (HJS), the world's seventh-largest container carrier.

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Vietnamese cargo on bankrupt Hanjin ships stranded at sea

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Báo Tuổi Trẻ English 6 month(s) ago

Vietnamese goods remain stranded at sea after cargo ships owned by the South Korean shipping line Hanjin refused to dock for fear of being held hostage to debt payment demands.

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Vietnamese cargo ships face foreign competition

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Báo Dân Trí English 6 month(s) ago

Vietnamese cargo ships face foreign competition

Vietnamese shipping companies are losing local market share as importers and exporters continue to choose foreign shippers.

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Hanjin Shipping Global ceases operations in VN

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Báo Đầu Tư English 7 month(s) ago

Hanjin Shipping Global ceases operations in VN

The Vietnamese Representative Office of Hanjin Shipping Global, South Korea’s giant container shipping company, announced that it would not accept any new booking of freight orders from August 31.

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Government to stop subsidising troubled state firms

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Báo Dân Trí English 9 month(s) ago

Government to stop subsidising troubled state firms

PM Nguyen Xuan Phuc confirmed at a meeting with the Ministry of Industry and Trade on July 12 that the government will subsidis such troubled projects as the Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO)'s plant.

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