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Novaland to raise $563M through share issuances
Property developer Novaland plans to issue 1.37 billion shares to raise a minimum of VND13.7 trillion (US$563 million) to pay off and restructure debts.
Disgraced property developer’s loans worth $12.6M to be sold by Agribank
Agribank is auctioning four debts worth a combined VND307 billion ($12.6 million) owed by property developer Tan Hoang Minh’s subsidiaries, all collateralized by rents from a building it owns.
Bank bad debts increase at slower pace in Q2
Although banks’ bad debt rates increased in the first half of 2023, their growth slowed down.
September 25, 2023 | 11:43 pm PT
Getting loans to pay off debts a tough ask
Borrowers are finding it difficult to secure new loans to pay off debts, as the cost of getting a new loan might be just as high as paying the interest for the old one.
September 15, 2023 | 04:22 am PT
I'm about to lose my happy family because of my father's debts
I don’t dare tell my wife and my in-laws about my father’s debts but I have been trying to secretly help him.
August 7, 2023 | 04:00 pm PT
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.
May 18, 2023 | 03:17 pm PT
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.
May 1, 2023 | 07:45 pm PT
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
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