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