January 25, 2012
Vinashin, the Vietnamese state-owned shipbuilder sued by Elliott Vin (Netherlands) NV for a portion of a $600 million loan, said the claim isn’t valid. Only the loan’s arranger and facility agent Credit Suisse AG Singapore Branch can enforce payment obligations on the instruction of the majority of the lenders, Vinashin, as Vietnam Shipbuilding Industry [...]
Tags: 60 Million, 600 Million, 600 Million Loan, credit, Credit Suisse, Elliott, Elliott Vin, Elliott Vin Netherlands, High Court, Industry Group, million, Million Loan, Netherlands Nv, Shipbuilding Industry, Shipbuilding Industry Group, Suisse, The loan, Vin Netherlands, Vinashin
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November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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June 11, 2011
Sixteen former Vinashin officials and three government ministries implicated in the company’s financial debacle A ship assembled by the Vietnam Shipbuilding Industry Group (Vinashin)’s Ha Long Ship Building Company in the northern Quang Ninh Province. Three government ministries and 16 former Vinashin officials have been implicated by a team of government inspectors in the [...]
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August 12, 2009
VietNamNet Bridge – The MOC plan to form two economic groups has not been applauded by businesses. Minister of Construction Nguyen Hong Quan on August 6 submitted to the Prime Minister a plan on setting up two new economic groups, the Vietnam Construction Industry Group and the Vietnam Housing and Urban Area Development Group. According to [...]
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March 26, 2009
Farmers harvest the summer-autumn rice crop in An Giang Province. MARD has proposed incentives to aid both farmers and enterprises during the economic downturn.LookAtVietnam – Tax and capital incentives would be offered to agro-forestry and sea food enterprises to promote their production and export during the global economic recession, according to Minister of Agriculture and [...]
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March 14, 2009
Prime Minister Nguyen Tan Dung asked the Rubber Industry Group to focus on improving both the yield and quality of latex and invest in the processing industry to increase the efficiency of its rubber production. The PM made these remarks at a government working session on Mar. 13, which was attended by the Vietnam Rubber [...]
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