Oil giant PetroVietnam has a textile factory and it is at risk of bankruptcy

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Báo Thanh Niên English 1 month(s) ago

Oil giant PetroVietnam has a textile factory and it is at risk of bankruptcy

A file photo of PetroVietnam's Dinh Vu polyester fiber and yarn factory in the northern city of Hai Phong. Photo credit: Vietnam Pictorial

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Many private hospitals close to bankruptcy

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Báo Dân Trí English 1 month(s) ago

Many private hospitals close to bankruptcy

Private hospitals are struggling to receive patients, with most of them operating at 40-50 per cent of their capacity, according to the Vietnam Private Hospital Association.

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Regulations slow liberalisation plans

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Báo Đầu Tư English 1 month(s) ago

Regulations slow liberalisation plans

Interest rate liberalisation is an important part of financial reform, promoting safer and more efficient financial markets. It has three components: the introduction of market-driven, competitive deposit rates; the establishment of a legal structure that allows banks to default; and a deposit insurance scheme.

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Unravelling cross ownership in the Vietnamese banking system

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VietnamNet English 2 month(s) ago

Unravelling cross ownership in the Vietnamese banking system

The issue of cross ownership has hindered Vietnam’s banking industry over the last ten years, causing damage to and threatening the stability of the local banking system.

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Report shows 35pc of oil companies could face bankruptcy

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Báo Đầu Tư English 2 month(s) ago

Report shows 35pc of oil companies could face bankruptcy

More than one-third of public oil companies globally face bankruptcy, according to a new Deloitte report that paints a fairly gloomy picture of the U.S. shale patch as it struggles to survive under mountains of debt.

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Unravelling cross ownership in the Vietnamese banking system

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Báo Đầu Tư English 2 month(s) ago

Unravelling cross ownership in the Vietnamese banking system

The issue of cross ownership has hindered Vietnam’s banking industry over the last ten years, causing damage to and threatening the stability of the local banking system. In spite of vigorous efforts by the State Bank of Vietnam (SBV) to deal with the issue and efforts by certain banks to reduce cross ownership to a level congruent with law, cross ownership continues to pose a serious threat to the Vietnamese banking system. Banking expert Nguyen Tri Hieu comments.

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Busan’s failure snares Camko bank

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VietStock FI English 2 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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Tho Loc People's Credit Fund put under special supervision

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Báo Đầu Tư English 3 month(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 3 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 3 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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Puerto Rico 'effectively in default': US Treasury

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Báo Thanh Niên English 4 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 6 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 6 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 6 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 6 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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