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 [...]
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May 6, 2011
The Asian Development Bank (ADB) and Vietnam sign a loan package during the annual ADB meeting in Hanoi The Asian Development Bank and the State Bank of Vietnam on Thursday signed a US$1.38 billion financial assistance package to enhance the country’s clean water access, conserve threatened forests and ease traffic gridlock. The total cost of [...]
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December 6, 2010
Creditors of a US$600 million, eight-year loan for Vietnam’s troubled state shipbuilder Vinashin will meet on Tuesday to discuss a request for a standstill from the near-bankrupt conglomerate, Basis Point reported on Friday. The creditor group would be led by Elliott Advisors and Standard Chartered Bank, sources told Basis Point, a Thomson Reuters company. [...]
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November 9, 2009
LookAtVietnam – MOF has forecast overseas remittance – money sent by overseas Vietnamese – would reach $6.8 billion this year. The sum of $6.8 billion estimated by the ministry, showed a slighter decrease in overseas remittance this year than in previous forecasts. In 2008, overseas remittance was $7.2 billion, or 8 percent of Vietnam’s GDP. Overseas remittances, [...]
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September 26, 2009
A 120kg turtle back to ocean; Vietnam leads in coping with natural disasters; AO victims need better care; US$500 million loan from ADB approved; Vietnam to ratify global treaty on illegal fishing A 120kg turtle back to ocean A sea turtle weighing over 120kg was released to the sea off Tuy Hoa City, central Phu [...]
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September 16, 2009
LookAtVietnam – ADB has approved a five-year US$500 million loan to Vietnam to help the economy counter the adverse impacts of the global economic downturn. Workers of Cho Lon Plastics Company in Ho Chi Minh City assemble bikes on Sep. 14, 2009. The Asian Development Bank approved Sep. 15 a US$500 million loan to bolster [...]
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July 1, 2009
Vietnam is one of Southeast Asia’s largest producers of fruits, vegetables and teas. The Asian Development Bank (ADB) will grant Vietnam a US$95 million loan for a project to improve the safety and quality of food crops and provide biogas for household use, the bank said Tuesday. The project aims to improve food regulations and [...]
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March 13, 2009
The Asian Development Bank (ADB) has approved a US$72- million loan for Vietnam to upgrade urban infrastructure in Thanh Hoa Province, it said in a press release Wednesday. The loan will be used to fund a $118-million project to develop and upgrade infrastructure and services in Thanh Hoa Town, which is 150 kilometers south of [...]
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