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Apax Leaders operator offers creditors household appliance as debt payment
Egroup, the parent company of English language school Apax Leaders, has offered its creditors household appliance to reduce its debts.
Get-rich-quick courses becoming get-debt-quick schemes
Many netizens with dreams of becoming millionaires overnight followed “specialists” on the Internet only to find themselves in crippling debt.
Slowing realty market hinders big banks in bad debt recovery
Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.
April 12, 2023 | 08:28 pm PT
Hoang Anh Gia Lai eyes repayment of bank debts by 2025
Agricultural firm Hoang Anh Gia Lai plans to fully repay its bank loans by 2025, its chairman, Doan Nguyen Duc, said.
September 24, 2022 | 11:00 pm PT
Rise and fall of two giant companies
Hoang Anh Gia Lai and Duc Long Gia Lai both have trillions of dong (VND1 trillion=$43.1 million) worth of debts and face a question mark over their future.
September 29, 2021 | 07:15 am PT
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.
July 23, 2021 | 01:07 am PT
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 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
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-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
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
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
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
PetroVietnam does not expect to recoup its million-dollar investment in the business.
August 28, 2017 | 07:07 pm PT