Cho Lon (Big Market) Drama Stage, a newly-opened private theatre in HCM City, has closed as its investors are going to bankrupt due to the COVID-19 outbreak.

If the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) lasts for more than six months, it may cause up to 73.8 percent of the firms to go bankrupt, a recent survey finds.

VietNamNet Bridge - If Keangnam goes bankrupt, Keangnam residents would lose a total of VND160 billion, which is the fee they pay when buying apartments.

 VietNamNet Bridge – Vietnam has not allowed banks to go bankrupt, leaving many virtually dead banks, or as some people call them, “zombies”.

 VietNamNet Bridge – More than 400 State-owned enterprises (SOEs) declared bankruptcy or were dissolved last year, according to the Ministry of Finance.

The government has successfully controlled the inflation and ensured the macroeconomic stability. However, Vietnam has to pay a heavy price for this – the low GDP growth rate and the death of tens of thousands of businesses.

 VietNamNet Bridge – The question remains unanswered, because this has not been mentioned in any legal documents.

 VietNamNet Bridge – Given the chip industry development program until 2020, HCMC has received much expert support for chip research and design whereas there is concern about investment in chip production.

 VietNamNet Bridge – About 6,700 enterprises in Ha Noi went bankrupt or ceased operations in the first eight months of this year, according to the municipal taxation department.

 VietNamNet Bridge – Despite being banned by the law, “black credit” still develops all across the country as it requires simple procedures and easily meets people’s quick demand for capital.

 VietNamNet Bridge – State-owned enterprises (SOEs) may be asked to publish financial information on their websites or other means of communication, according to a draft Circular.

VietNamNet Bridge – The Tri Viet (First News) Publishing House, a well-known, HCM City-based English language academic publisher, has officially taken out a lawsuit against the private printing centre Huy Thi, for violation of copyright.

According to Mr. Nguyen Ngoc Su, Chairman of the Management Board of the Vietnam Shipbuilding Industry Group (Vinashin), the group has a feasible plan to restrict its debts and the plan is scheduled to complete in 2014.