foreign creditors

Update news foreign creditors

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.

International creditors extend debts for Vinashin

The debt of $600 million, together with interest of the Vietnam Shipbuilding Industry Group (Vinashin) has been agreed by over 51% of the creditors to convert into new bonds, with a term of 12 years.