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Parliament rejects $171 mln allocation for expressway debt

The National Assembly has refused to prioritize a VND4 trillion ($171 mln) budget allocation to help pay Hanoi-Hai Phong Expressway dues.

Government seeks $171 mln to pay expressway dues

The government is seeking National Assembly permission to allocate VND4 trillion ($171 million) to pay dues to the builder of the Hanoi – Hai Phong Expressway.

Vietnam advances $97 million to cover state-owned paper mill’s debt

The government has advanced about $97 million to a state-owned company to cover debts related to a failed paper project.
May 23, 2019 | 10:33 am GMT+7

Vinachem wants to sell off sinking chemical plant to pay debts

State-owned chemical group Vinachem, facing mounting pressure from debts, wants to sell a major fertilizer plant to pay them off.
March 29, 2019 | 08:22 am GMT+7

Vietnamese textile firm could lose over $2 million in Sears bankruptcy

U.S. lawyers believe Vietnamese textile company Thanh Cong can only recover part of the $4 million bankrupt U.S. retailer Sears Holdings owes it. 
March 19, 2019 | 08:56 am GMT+7

Fly-by-night foreign companies remain a problem for Vietnam

Vietnam continues to be plagued by foreign company chiefs fleeing the country without paying off debts or workers’ salaries.
November 14, 2018 | 12:29 pm GMT+7

Bankrupt US retail giant Sears owes Vietnamese firm $4 million

Sears, a U.S. retail titan that has filed for bankruptcy, owes a Vietnamese textile company upwards of $4 million.
October 23, 2018 | 02:48 pm GMT+7

Tragedy of errors: Central Highlands farmers peppered with a debt crisis

Farmers’ hopes once climbed high on pepper vines in the Central Highlands; today, they are entangled in debt and misery.
October 03, 2018 | 12:02 pm GMT+7

Malaysian PM to scrap China-backed $22 bn projects

PM Mahathir Mohamad confirmed $22 billion from three China-backed projects will be cancelled since the country needs to pay its debts.
August 21, 2018 | 05:18 pm GMT+7

Auto maker Thaco to pump in $1 billion for HAGL firefighting

Truong Hai Motor Company has announced a strategic tie-up with the Central Highlands-based Hoang Anh Gia Lai (HAGL).
August 13, 2018 | 03:49 pm GMT+7

Hoa Sen Group profits plummet on high interest payments

Despite robust sales, the country’s leading steel maker, Hoa Sen Group, has reported its lowest quarterly net profit in the last four years.
August 11, 2018 | 10:18 am GMT+7

Cash-strapped PNC to sell 12.5 pct stake in CGV Vietnam

Buyer is a newly-established real estate investment firm.
June 14, 2018 | 10:54 am GMT+7

Vietnam plans to spend $11.3 bln to repay government debt in 2018

The money will be sourced mostly from domestic loans.
April 24, 2018 | 03:54 pm GMT+7

Vietnam plans to hike fuel taxes in fight against pollution

The proposed hike has raised concerns over aggravated costs for businesses and consumers.
April 05, 2018 | 03:00 am GMT+7

Vietnam to tighten credit for high-end property developments: Central bank governor

The use of short-term funds for medium- to long-term loans will be cut.
November 17, 2017 | 05:27 pm GMT+7
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