VietNamNet Bridge – Many state corporations have the debt-to-equity ratio of up to a dozen times. Overdue debts of the Vietnam Oil and Gas Group or the Vietnam Maritime Corporation are up to trillions of VND.

 Significant challenges remain for the banking industry to reach the annual credit growth target this year, despite certain improvement in lending situation, State Bank of Viet Nam (SBV) officials said.

 VietNamNet Bridge – A lot of big debtors have issued shares recently to specific partners as a method to pay debts.

 VietNamNet Bridge – Of the VND6.5 trillion worth of debts the Vietnam Asset Management Company (VAMC) has bought so far, 67 percent is in the real estate sector.

According to the General Statistics Office of Vietnam, by July 15, 2013, Vietnam paid foreign debts and aid worth VND56.2 trillion ($2.81 billion), equivalent to 53.5 percent of the yearly estimate.

 PM orders agencies to tighten their belts; Drop in profits revealed by BVS; Banking sector remains tainted by widespread corruption; Construction ministry outlines housing strategy; Metro pulls sturgeon from its shelves

 VietNamNet Bridge – Bonsais of an entrepreneur named Khang were distrained because Khang could not pay his debts.

The State Bank of Vietnam’s inspectors have come to a conclusion that the loans to Dang Van Thanh and his family’s companies some years ago were illegal, forcing Thanh to pay debts to reduce the outstanding loans to the allowed level.

The total debts of 1,300 trillion dong incurred by SOEs have been described by the Steering Committee for Enterprise Renovation and Development as “within the safety line.” Meanwhile, economists do not think so.

VietNamNet Bridge – With farmers being the creditors, who are the poor and do not want to spend money and time on lawsuits, they have been applying their special methods to collect debts.

VietNamNet Bridge – The domestic aviation market has turned out to be not lucrative as thought.