debts

Update news debts

As many companies cope with debts caused by the economic fallout due to the pandemic, they are unable to take loans for maintaining or expanding their business lines.

Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

The fate of Thai Nguyen Iron and Steel plant – phase 2 remains uncertain and it is unable to restart while its debts are only swelling.

Loan policy a true juggling act

The health crisis has led to huge demand for capital for Vietnam to fuel domestic production activities and medical treatment. 

Vietnam State Bank warns of NPLs from transport projects

The State Bank of Vietnam has said it would continue to direct credit institutions to control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer and Build-Transfer transport projects.

 

Six Asian investors are filing a lawsuit against Huy Vietnam

Six Asia-based investors of Huy Vietnam are filing a lawsuit against founder Huy Nhat for suddenly closing the Mon Hue restaurant chain.

Vietnam’s government to pay US$16 billion in debts in 2020

The government has set targets for public debts, government debts and foreign debts to ensure they are within the limit and lower than the national financial plan in the 2016 – 2020 period.

Deputy PM reviews progress in handling of 12 struggling projects

Deputy Prime Minister Vuong Dinh Hue chaired a meeting on September 6 to review the progress of concerned ministries, agencies and companies in the handling of 12 major struggling industrial projects.

 

No such thing as a free lunch

In a rather rare public embarrassment, a number of restaurants in a district of central Nghe An Province are accusing the authorities of skipping the bill after they hosted guests at the eateries.

Five giant companies weighed down with foreign debt

VietNamNet Bridge - Most of the foreign debt incurred by state-owned general corporations are in their core business fields, and as such they have to look for capital to run projects.

Deputy Finance Minister explains state budget shortage

 VietNamNet Bridge – The Ministry of Finance on Monday held a press conference to explain causes on state budget balance that the public currently raise concerns about.

Greek debt talks 'must intensify'

The leaders of Greece, France and Germany have agreed to intensify negotiations with Athens' creditors, but there was little sign of progress.

 

Banks cannot sell debts because DATC doesn’t accept market prices

VietNamNet Bridge - The banks’ debt sale has been going very slowly because a powerful buyer, the Debts & Assets Trading Corporation (DATC), wants to buy debts cheaply.

Eurozone: Six days for Greece to offer new reforms

 The eurozone has said only six working days are left for Greece to come up with a revised list of reforms to seal a deal on its next rescue bailout.

Vinalines hopes to be free from debt following sale of ports

VietNamNet Bridge – Following the sale of Hai Phong Port, Vietnam National Shipping Lines (Vinalines) has decided to sell Nghe Tinh Port and hopes to gain enough money to pay its debts.

SOE debts too big to settle

 VietNamNet Bridge – Debts owed by State-owned enterprises (SOEs) to both domestic and foreign creditors are too big for the Government to shoulder, especially at a time when public debts are posing a big headache.

Social insurance debts cause for alarm

 VietNamNet Bridge – Businesses that evade paying social insurance premiums for workers should be punished more harshly, the deputy general-director of Viet Nam Social Insurance, Do Van Sinh, said at a meeting on Wednesday.

Vinalines restructuring gets a further boost

 VietNamNet Bridge – Strong measures are being proposed to put struggling Vinalines, once a leading player in the shipping business, back afloat.

Vietnam mulls swapping sovereign bonds with debts for the third time

VietNamNet Bridge – Viet Nam is considering issuing US$1 billion in sovereign bonds for the third time to swap with debts that are becoming due next year. But the proposal still needs to be evaluated based on potential cost,

Bosses flee Vietnam, ignoring debts and taxes

 VietNamNet Bridge – The bad news about tax evasion and debt repudiation cases by foreign invested companies has darkened Vietnam’s foreign direct investment (FDI) landscape.

Ukraine crisis: Kiev faces halt to gas supply

 Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement.