Creditors to gain from bankruptcy law

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Báo Đầu Tư English 3 day(s) ago

Creditors to gain from bankruptcy law

KPMG’s Restructuring Services director Phil Smith provides insight into the positive changes offered by the new Law on Bankruptcy set to become effective on January 1, 2015.

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ANZ: Vietnam still faces challenges ahead

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VietnamNet English 1 week(s) ago

ANZ: Vietnam still faces challenges ahead

VietNamNet Bridge – Although Moody’s upgraded Vietnam’s credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead.

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Vinashinlines’ multibillion-dong ships sit and rust after bankruptcy decision

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VietnamNet English 2 week(s) ago

Vinashinlines’ multibillion-dong ships sit and rust after bankruptcy decision

VietNamNet Bridge – Having a book value of VND1 trillion and original investment capital of VND1.6 trillion, the ships of Vinashinlines may eventually be sold at scrap iron prices as complicated bankruptcy procedures have stalled its operations.

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Local travel firms unhurt by Russian Labirint failure

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VietnamNet English 2 week(s) ago

Local travel firms unhurt by Russian Labirint failure

VietNamNet Bridge – Local tour operators confirmed their Russian guests in Vietnam are unaffected by the bankruptcy of Russia’s travel firm Labirint which has left 27,000 Russian travelers stranded abroad.

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Malaysia Airlines to be delisted after $429 million offer

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Báo Thanh Niên English 2 week(s) ago

Malaysian Airline System Bhd. (MAS) will be delisted after sovereign wealth fund Khazanah Nasional Bhd. offered to buy out minority shareholders in a restructuring plan for the national carrier that suffered two disasters this year.

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SOE leaders responsible for restructuring sluggishness: PM

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VietnamPlus English 2 week(s) ago

Prime Minister Nguyen Tan Dung has asked ministries, sectors and State-owned enterprises (SOEs) to speed up their restructuring, saying that if the work is not completed as schedule, their leading officials should voluntarily step down.

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Vietnam considers clearing $300 mil in back taxes to save economy

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Báo Thanh Niên English 1 month(s) ago

Vietnam considers clearing $300 mil in back taxes to save economy

The Finance Ministry has proposed relieving struggling businesses from a huge amount of tax debts to stem a rising tide of shutdowns and bankruptcy filings.

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Vinalines takes losses for 5th consecutive year

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Báo Dân Trí English 1 month(s) ago 1 related news

Vinalines takes losses for 5th consecutive year

Vietnam National Shipping Lines (Vinalines) is forecast to lose around VND1 trillion (USD47 million) in 2014, the fifth consecutive year of losses for the shipping giant.

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Privatisation process of SOEs starts to speed up

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VietNam News English 1 month(s) ago

Viet Nam aims to privatize all of its State-owned enterprises (SOEs) by the end of next year.

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Secondary steel importers in trouble

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VietNam News English 1 month(s) ago

Secondary steel importers in trouble

Secondary steel importers in Viet Nam are pleading with relevant management bodies for help because a newly-issued regulation on import steel quality is driving them to bankruptcy, according to Dien dan doanh nghiep (Business Forum) newspaper.

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GM offers at least US$1m for each ignition switch death

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Báo Đầu Tư English 2 month(s) ago

General Motors said on Monday it will pay at least $1 million and probably much more in compensation for people killed in car accidents tied to defective ignition switches.

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News laws shut the doors to foreign buyers of bad debt

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VietnamNet English 2 month(s) ago

VietNamNet Bridge – Vietnam’s recently amended bankruptcy and real estate business laws are acting at cross-purposes with the country's need to sell off its massive bad debts.

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Raising retirement age not the only choice

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VietnamNet English 2 month(s) ago

Raising retirement age not the only choice

VietNamNet Bridge – Pham Thi Hai Chuyen, Minister of Labor, War Invalids and Social Affairs, said that aside from raising the retirement age, there have been many solutions proposed to maintain the balance of revenues and expenses of the social insurance fund. The Saigon Tines Daily had a talk with the minister over the issues on the sidelines of National Assembly (NA) discussion session on Monday. Excerpts:

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Central bank to keep close eye on banking sector restructuring

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VietnamNet English 2 month(s) ago

Central bank to keep close eye on banking sector restructuring

VietNamNet Bridge – The State Bank of Viet Nam's Governor, Nguyen Van Binh, has said that he would continue monitoring credit institutions in the coming months.

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SBV to keep close eye on banking sector restructuring

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VietnamPlus English 2 month(s) ago 1 related news

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh has said that he would continue monitoring credit institutions in the coming months.

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