Greece PM says EU sleepwalking toward cliff, wants debt relief by end 2016

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Báo Thanh Niên English 16 hour(s) ago

Greece PM says EU sleepwalking toward cliff, wants debt relief by end 2016

Greece said on Sunday the EU was "sleepwalking towards a cliff" by sticking to austerity rules that created huge inequalities among members, and it expected a debt relief deal for itself to be honored by end-2016 so that its economy could recover.

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Each Vietnamese to bear additional US$180 of public debt by year end

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Báo Dân Trí English 19 hour(s) ago

Each Vietnamese to bear additional US$180 of public debt by year end

From now until the end of the year, total public debt could reach VND3,000,000 billion (US$134.5 billion) and each Vietnamese will shoulder an additional VND4 million (nearly US$180) of public debt.

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Moody’s cautious on GDP growth, warns of credit bubble

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VietStock FI English 3 day(s) ago

Global credit rating agency Moody’s Investors Services said yesterday that Cambodia’s B2/stable sovereign credit rating was supported by its robust economic growth and modest debt burden, but its narrowly focused industrial sector and low incomes were weighing on overall economic strength. In addition, the fast pace of credit growth, though slowing over the last year, could pose financial stability risks.

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Woman loses limbs in fake accident insurance fraud

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Báo Dân Trí English 4 day(s) ago 2 related news

Woman loses limbs in fake accident insurance fraud

A woman in Hanoi has been accused of hiring another person to cut off her hand and foot for VND3.5bn (USD159,000) in a fraudulent insurance claim after falling in debt.

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Vietnam man blackmails own family in fake kidnapping case

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Báo Tuổi Trẻ English 5 day(s) ago

Vietnam man blackmails own family in fake kidnapping case

A man living in the southern province of Dong Nai has faked his own kidnapping and blackmailed his own family in order to pay off a mountain of debt he’d accumulated through gambling.

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Hoang Anh Gia Lai reports $49 million loss in first half

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Báo Đầu Tư English 5 day(s) ago

Hoang Anh Gia Lai reports $49 million loss in first half

Recently rescued conglomerate Hoang Anh Gia Lai (HoSE:HAG) continued to report pre-tax losses in the first six months of 2016.

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Danang to crack down on slow real estate projects

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Báo Đầu Tư English 6 day(s) ago

Danang to crack down on slow real estate projects

The authorities of the up-and-coming central city of Danang are now more determined to revoke the licences of slow real estate projects as well as to enforce related laws.

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Selling blue chips pulls stocks down

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Báo Đầu Tư English 6 day(s) ago 1 related news

Selling blue chips pulls stocks down

Vietnamese shares yesterday ended down as investors increased selling assets to earn profits after blue chips posted big gains last week.

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Vietnamese suppliers call Czech furniture distributor fraud

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Báo Đầu Tư English 1 week(s) ago

Vietnamese suppliers call Czech furniture distributor fraud

Czech furniture distributor Global Home S.R.O. has allegedly piled up millions of US dollars in debt towards Vietnamese suppliers.

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Phuoc Son Gold resumes operation

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Báo Đầu Tư English 1 week(s) ago

Phuoc Son Gold resumes operation

On August 17, Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has restarted the operation of its Dak Sa gold mine, thanks to Viet A Bank taking hold of 35 per cent of the company’s shares as debt payment.

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VAMC can meet debt recovery target this year

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Báo Đầu Tư English 1 week(s) ago

VAMC can meet debt recovery target this year

The Viet Nam Asset Management Company (VAMC) could meet a target to recover VND30 trillion (US$1.339 billion) of bad debts this year, VAMC Deputy General Director Nguyen Van Thang said.

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Vietnamese suppliers call Czech furniture disttibutor fraud

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Báo Đầu Tư English 1 week(s) ago

Vietnamese suppliers call Czech furniture disttibutor fraud

Czech furniture distributor Global Home S.R.O. has allegedly piled up millions of US dollars in debt towards Vietnamese suppliers.

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4 arrested in Hanoi for forcing woman into prostitution

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Báo Thanh Niên English 2 week(s) ago

4 arrested in Hanoi for forcing woman into prostitution

Hanoi police said Friday they have detained four men accused of forcing a 26-year-old woman into prostitution since 2013.

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Tourism, infrastructure to support Thailand's economy this year: BOT Governor

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Báo Thanh Niên English 2 week(s) ago

Tourism, infrastructure to support Thailand's economy this year: BOT Governor

Thailand's record tourist arrivals and public works spending are expected to offset weak domestic demand and global economic drag, keeping Southeast Asia's second-largest economy on course for 3.1 percent growth this year, the central bank governor told Reuters in an interview.

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Big C bends to heavy-handed authorities

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Báo Đầu Tư English 3 week(s) ago

Big C bends to heavy-handed authorities

Big C Vietnam, representing its new owner Central Group, committed to finishing the payment of its outstanding tax debt (VND1.534 trillion or $70 million) by the end of this month.

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