Vinafood 2 to be reviewed after posting losses

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Báo Dân Trí English 1 day(s) ago

Deputy Prime Minister Vuong Dinh Hue has ordered the State Audit Office of Vietnam to review enterprise values and deal with financial problems at Vietnam Southern Food Corporation Limited (Vinafood 2) after it reported millions of USD in losses.

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Food corporation faces huge losses

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Báo Dân Trí English 1 week(s) ago

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, has racked up USD47.6 million in losses.

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Vietnamese cargo on bankrupt Hanjin ships stranded at sea

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Báo Tuổi Trẻ English 1 week(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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State funds for bank debts plan criticised

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Báo Đầu Tư English 1 week(s) ago 1 duplicate news

A proposal to use State funds to settle commercial banks' bad debts, as stated in the draft plan on economic restructuring for the 2016-2020 period, has been met with a cold shoulder.

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Insurance agencies, labour union to deal with insurance debtors

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Báo Dân Trí English 1 week(s) ago

Việt Nam Social Security (VSS) will provide data as evidence for labour unions to sue enterprises that tried to avoid paying insurance for their employees.

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Vietnam Railways begs for VND471bn handout

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Báo Dân Trí English 1 week(s) ago

Vietnam Railways begs for VND471bn handout

The Vietnam Railways Corporation has asked the prime minister to let the Ministry of Transport give them VND471bn (USD21m) to pay outstanding salaries to staff, and payments to suppliers and contractors.

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Vietnam firm to sell 20,000ha rubber project to China if debt bailout plan fails

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam firm to sell 20,000ha rubber project to China if debt bailout plan fails

A Vietnamese multi-sector conglomerate plagued by financial woes over its loss-making agricultural arm has announced that it may sell nearly half of its massive rubber plantation to Chinese partners in the event its proposed debt restructuring plan falls though.

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Public debt hurtling toward national red line, says ministry

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Báo Đầu Tư English 1 week(s) ago

Public debt hurtling toward national red line, says ministry

There is an increasing risk that Viet Nam's public debt will exceed a national red line, the Ministry of Planning and Investment (MPI) said in its latest report.

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Ninh Binh province appeals to PM to save fertiliser plant

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Báo Đầu Tư English 1 week(s) ago

Ninh Binh province appeals to PM to save fertiliser plant

The Ninh Binh People’s Committee has proposed the Prime Minister a selection of plans to rescue Ninh Binh nitrogenous fertiliser plant, invested by Vietnam National Chemical Group (Vinachem), according to newswire Vneconomy.vn.

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Local authorities continue frivolous spending

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Báo Dân Trí English 2 week(s) ago

Local authorities continue frivolous spending

More state agencies in Vietnam have been reported to face debts after overspending their allocated state budget.

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Court hands down 30 year sentence to former bank executive

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Báo Đầu Tư English 2 week(s) ago

The HCM City People’s Court has upheld a 30-year prison sentence for Phạm Công Danh, a former bank executive, for his wrongdoings and violations of banking rules.

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Vietnam jails former bank chairman for 30 years over illegal withdrawals

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Báo Thanh Niên English 2 week(s) ago

Vietnam jails former bank chairman for 30 years over illegal withdrawals

A Vietnamese court jailed a former bank executive for 30 years on Friday for illegally withdrawing more than 9 trillion dong ($404 million), the biggest such loss brought to light in the country's banking sector, state-run newspapers reported.

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Court hands down 30 year sentence to former bank executive

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Báo Dân Trí English 2 week(s) ago

Court hands down 30 year sentence to former bank executive

The HCM City People’s Court has upheld a 30-year prison sentence for Phạm Công Danh, a former bank executive, for his wrongdoings and violations of banking rules.

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Doubts over 5% average lending interest rate target

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

Doubts over 5% average lending interest rate target

Banking experts have expressed a great deal of scepticism at the government's target to cut the average lending interest rate to some 5 per cent.

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Japan provides JPY11 bln for VN to improve competitiveness

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Báo điện tử CP English 3 week(s) ago

Japan provides JPY11 bln for VN to improve competitiveness

VGP – Japan has financed JPY11 billion in ODA for the Vietnamese Government to launch a program to support economic management and improve economic competitiveness.

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