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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).
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.
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 08, 2019 | 02:52 pm GMT+7
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 22, 2018 | 01:41 pm GMT+7
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 04, 2018 | 09:27 pm GMT+7
Vietnamese state firms sitting on mountain of rising debt
Combined debts at state-owned companies climbed to more than $66 billion last year.
October 25, 2017 | 12:30 pm GMT+7
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 22, 2017 | 10:23 am GMT+7
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 29, 2017 | 10:07 am GMT+7
