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Vietnam Airlines overdue debts surpass $578 mln

Vietnam Airlines overdue debts surpass $578 mln

Vietnam Airlines had posted overdue debts of more than VND13.3 trillion (nearly $578.3 million), including nearly VND7.1 trillion for aircraft rentals, as of late June.
State construction firm Song Da mired in debts

State construction firm Song Da mired in debts

State-owned Song Da Corp Jsc, builder of hydropower plants and tunnels, is struggling with accumulated debts of VND11.13 trillion ($480 million).
January 6, 2020 | 08:57 pm PT
Vietnamese banks find out car loans not low-hanging fruit as borrowers cheat

Vietnamese banks find out car loans not low-hanging fruit as borrowers cheat

Vietnamese banks are struggling to recover overdue car loans since many customers mortgage vehicles bought using bank loans.
April 9, 2019 | 05:29 pm PT
Vietnam state steel company faces bankruptcy

Vietnam state steel company faces bankruptcy

Saddled with debts it cannot repay, state-owned Thai Nguyen Iron and Steel Jsc is on the verge of bankruptcy.
April 7, 2019 | 11:52 pm PT
State firms’ debts edge up, worth 50 pct of assets

State firms’ debts edge up, worth 50 pct of assets

State-owned firms saw their debts rise by 1.3 percent last year to reach almost half the value of their total assets.
October 21, 2018 | 10:41 pm PT
Courier firm shuts down, confesses to stealing cash on delivery money

Courier firm shuts down, confesses to stealing cash on delivery money

Hanoi courier company GNN Express has gone bust, and has confessed to pocketing customers’ money to bail itself out of financial trouble.
September 4, 2018 | 06:27 am PT
Vietnamese state firms sitting on mountain of rising debt

Vietnamese state firms sitting on mountain of rising debt

Combined debts at state-owned companies climbed to more than $66 billion last year.
October 24, 2017 | 09:30 pm PT
Vietnam’s government debt jumps 80 pct in four years

Vietnam’s government debt jumps 80 pct in four years

Over 42 percent of the $93.4 billion debt was owed to foreign lenders in 2015.
September 21, 2017 | 07:23 pm PT
Vietnam energy giant tries to bail from sinking shipyard after years of debts and losses

Vietnam energy giant tries to bail from sinking shipyard after years of debts and losses

PetroVietnam does not expect to recoup its million-dollar investment in the business.
August 28, 2017 | 07:07 pm PT
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