debt

Update news debt

The total short-term and due debts of Vietnam Airlines, Vietjet and Bamboo Airways have reached VND36 trillion and they are facing a shortage of cash flows, according to the Vietnam Aviation Business Association (VABA).

Predatory debt collectors hustling on borrowed time

Debt-collecting businesses are to be banned in Vietnam as part of local government action to protect customers’ rights, with the upsurge of predatory lending services triggering heated debate and eroding public trust.

Debt limit to be adhered to despite bumps in road

In spite of a dent in state budget revenue and a rise in spending this year causing a big fiscal deficit, the government will be able to retain the country’s public debt situation, ensuring national financial security.

Top audit regulator may look into debt-laden banks next year

National Assembly deputies have called on the State Audit of Vietnam (SAV) to inspect three debt-laden banks that were earlier taken over by the State Bank of Vietnam, according to NA Secretary Nguyen Hanh Phuc.

Vietnam treasures peace, stability: Deputy PM Pham Binh Minh

Vietnam always treasures peace and stability, said Deputy Prime Minister and Foreign Minister Pham Binh Minh while addressing the 25th International Conference on the Future of Asia in Tokyo, Japan, on Thursday.

Private sector the key driver of Vietnam’s growth

John Hawksworth, chief economist for PriceWaterhouseCoopers in the UK, recently came to Vietnam to attend an APEC-related meeting as speaker. The Saigon Times Daily spoke with him about his views ...

Hanoi's urban rail faces another delay as debt grows

Despite several setbacks, investors pledged in February to put the capital city’s first elevated railway to trial operations in October. 

Vietnam must fight corruption

 VietNamNet Bridge – Pham Anh Tuan, deputy director of the Central Party Commission for Internal Affairs, spoke to Tien Phong (Vanguard) newspaper on Viet Nam's efforts to battle corruption.

Four members of family commit suicide over debt

 VietNamNet Bridge – A couple and their two sons were found dead in the northern Thanh Hoa City in Sunday evening, Nov 1.

Debt offset to hurt small shareholders

 Issuing shares to offset debts has become one of the solutions employed by many businesses nowadays.

Vietcombank sells Vinalines’ debt

Vietcombank has sold the debt owed to it by the Vietnam National Shipping Lines (Vinalines), which is undergoing a mandated restructuring process as requested by the government.

Vietnam set to pay US$7 billion debt next year

 VietNamNet Bridge – Vietnam will have to spend VND150 trillion, or nearly US$7.1 billion, repaying for financial aid, short-term loans and domestic borrowings next year,

Vinalines case shows that arbitration law is being ignored in Vietnam

 VietNamNet Bridge – Vinalines and its partners agreed in the past that company disputes could be brought to the Vietnam International Arbitration Center (VIAC), but the shipping firm has not obeyed VIAC’s judgment.

Hydropower plants deep in debt

 VietNamNet Bridge – Many investors who once rushed to pour money into hydropower projects are so deep in debt they are not sure when they will ever recover.

Circular debt puts contractors in danger

 VietNamNet Bridge – Circular debt in the civil engineering sector has become so serious that it is believed to pose an existential threat to some construction companies.

Yes, you can retire before your 40th birthday

 What if you didn’t have to wait until you were in your mid-sixties to retire? What about 50, or even just as you hit your 40th birthday? Don’t laugh — with enough dedication, you could say goodbye to your full-time job years sooner than you think.

Economist says big SOEs’ VND1,350 trillion debt not worrying

 VietNamNet Bridge – A government report showed that the127 state owned economic groups and general corporations now incurred the debts worth VND1.35 trillion. However, the huge sum is still believed to be within the safety line.

Gold keeps dropping on Fed tapering speculation

 Gold futures on the COMEX division of the New York Mercantile Exchange dropped Monday to the lowest since Oct. 15, on speculation that the Federal Reserve may soon move to scale down its bond purchase.

BUSINESS IN BRIEF 13/11

 Russia affirms its nuclear status in Vietnam; Coffee exports to Mexico fall 19%; Ad firms confront challenges; Phone handset exports up 76%; Central bank backs down on currency

S. Korean contractor disowns debt of VND44-bililon to Vietnamese firms

VietNamNet Bridge – South Korean company, Hyupjin Vina, has refused to pay debts totalling VND44 billion to 39 Vietnamese sub-contractors of the five-star Mariott Hotel project, instead shifting responsibility to the project’s main contractor,