Tho Loc People's Credit Fund put under special supervision

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Báo Đầu Tư English 4 day(s) ago

Tho Loc People's Credit Fund put under special supervision

The State Bank of Viet Nam (SBV) on Wednesday announced that it had put the Tho Loc People's Credit Fund under comprehensively special supervision within three months.

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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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Puerto Rico 'effectively in default': US Treasury

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Báo Thanh Niên English 1 month(s) ago

Puerto Rico 'effectively in default': US Treasury

Puerto Rico is "effectively in default" and urgently needs authority to be able to restructure its debt, US Treasury Secretary Jacob Lew said Thursday.

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Chinese leave Sihanoukville en masse following bust

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VietStock FI English 3 month(s) ago

Hotel and casino owners in Sihanoukville claim they have suffered immense losses and risk bankruptcy after Chinese investors, workers and tourists left the coastal city en masse following last month’s police arrest and extradition of 168 Chinese nationals accused of operating a transnational telecom extortion ring from the coastal city.

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Vietnam lawmaker says auto tax cut will kill province’s cash cow

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam lawmaker says auto tax cut will kill province’s cash cow

While Vietnamese consumers are anticipating the zero import duty for passenger car scheduled for 2018, a lawmaker who represents the central province of Quang Nam said the tariff elimination will send one of its cash cows to bankruptcy.

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Courses for insolvency practitioners open in Hanoi, Ho Chi Minh City

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VOV News English 4 month(s) ago

Experts from the International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL International) and the International Finance Corporation (IFC) are carrying out a two-day course in Hanoi from October 20.

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Inaccurate study leads to trouble for Vietnam’s $325mn yarn plant

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Báo Tuổi Trẻ English 4 month(s) ago

Inaccurate study leads to trouble for Vietnam’s $325mn yarn plant

A little more than a year after starting operations, a multimillion-dollar polyester yarn making plant in northern Vietnam has suffered a run of losses and is already at the brink of bankruptcy.

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Vietnamese coffee growers near bankruptcy

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VOV News English 6 month(s) ago 2 related news

Vietnamese coffee growers near bankruptcy

Coffee prices have dropped to record lows in southern Dong Nai province, pushing coffee growers, particularly small enterprises, to the verge of bankruptcy.

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VN coffee growers near bankruptcy

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VietnamNet English 6 month(s) ago 2 related news

VN coffee growers near bankruptcy

Coffee prices have dropped to record lows in southern Dong Nai province, pushing coffee growers, particularly small enterprises, to the verge of bankruptcy.

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MtGox bitcoin chief Mark Karpeles arrested in Japan

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VietnamNet English 6 month(s) ago

Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

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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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The US billionaire who pours money into Vietnam’s garment industry

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VietnamNet English 7 month(s) ago

The US billionaire who pours money into Vietnam’s garment industry

VietNamNet Bridge - In the eyes of Wilbur L. Ross, the 200th richest American, Vietnam is an interesting destination for investment from the US.

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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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Greece sends reform plan to EU promising new tax hikes

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

Greece sends reform plan to EU promising new tax hikes

The Greek government sent a package of reform proposals to its euro zone creditors on Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary vote on Friday to endorse immediate actions.

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