debt

Update news debt

Prime Minister directs to rescue Quang Nam’s ethanol plant

PM Nguyen Tan Dung has asked the Ministry of Industry and Trade and the State Bank of Vietnam to coordinate with the related agencies to help Dong Xanh JSC remove difficulties for the Dai Tan ethanol plant in Quang Nam province.

Businessmen admitted to mental hospitals at the year end

VietNamNet Bridge - According to the doctors, the number of mental patients for economic reasons rose highly in 2012, especially at the end of the year. Many patients used to be big bosses and famous businessmen.

Park boss offers $5mil. reward for anyone who proves his wife’s debts

The owner of the Dai Nam Tourist Area has offered VND100 billion ($5 million) of reward for anyone who can prove that his wife mortgaged his property for loans.

State-owned groups report losses of nearly $62 billion to the PM

VietNamNet Bridge – A report released at the meeting with the Prime Minister this morning, January 16 shows that the losses of state-owned groups and corporations in 2012 significantly improved when compared to 2011.

State-owned groups: the past and present

In late afternoon on August 4 of over two years ago, along with the public's coil on the arrest of the Vinashin's Chair - was the government's regular press conference, a special one because it was chaired by Deputy PM Nguyen Sinh Hung.

BUSINESS IN BRIEF 29/12

Seafood exports to surf past $6 billion this year; Viet Nam among five biggest investors to Cambodia; Banks face threats despite improved balance sheets; Giants crush mom'n'pop retailers; Income tax exemptions to rise

EU on verge of bridging pre-summit gulf on banks watchdog

 European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone banks, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.

More foreign invested enterprises run away, leaving debts

Not only one, two or several businesses, but numerous foreign invested enterprises (FIEs) have disappeared.

IIF says Greek debt buyback must be 'voluntary'

 A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."

Greece wins significant debt relief

 Greece won big breathing space with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.