debts

Update news debts

 VietNamNet Bridge - Commercial banks have been allowed to keep Vinashin’s bad debts in “pending” status and do not have to declare the debt as bad debt on their financial reports.

Vinalines chased by creditors from all four sides

 VietNamNet Bridge – The government has not yet made any decisions to help Vietnam National Shipping Lines (Vinalines) find a way out of its massive debt obligation. Meanwhile, creditors have chosen different ways to deal with the shipping firm.

Sports ministry official absent at news briefing

 VietNamNet Bridge – A representative of the Ministry of Culture, Sports and Tourism did not show up at a news briefing held on April 1 after the Government’s regular meeting as public concerns are mounting over a patchy plan

Justice Ministry authorized to tackle int’l investment disputes

 VietNamNet Bridge – The Ministry of Justice (MoJ) is the legal representative of the Government in dealing with international investment disputes as said in the Prime Minister's Decision No. 4/2014/QĐ-TTg.

Gold JV reopens after talks with suppliers, authorities

 VietNamNet Bridge – A joint venture gold company in central Quang Nam Province's Phuoc Son District resumed operations over the weekend.

Hundreds of people surround gold mining company

 VietNamNet Bridge - Nearly 200 traders and building workers surrounded the Phuoc Son Gold Company in the central province of Quang Nam yesterday, December 26, to claim debt payments.

State groups owe over $64.3 billion

 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.

Banks struggle to hit lending goal

 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.

Having no money, businesses issue shares to pay debts

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

Irrecoverable debts on sharp rise

 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.

Vietnam pays $2.81 billion of foreign loans and aid

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.

BUSINESS IN BRIEF 19/7

 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

When “super trees” die together with giants

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

Illegal loaning found at Sacombank

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.

Big state owned economic groups, general corporations are huge debtors

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.

A great many ways farmers chase debtors

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.

Domestic aviation market still unattractive to airlines (part 3)

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