January 11, 2012
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]
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Posted in Reports | Comments Off
October 29, 2011
Vietnam’s government announced key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned companies will have to focus only on their main business [...]
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Posted in Politics | Comments Off
October 7, 2011
Vietnam plans to slash 10 percent, or VND97 trillion (US$4.65 billion), of development investment this year as one of the measures taken by the government to restore economic stability. Vietnam’s public debt is rising too fast and poses a severe risk to the economy, an economist says, suggesting that the total debt might be even [...]
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December 4, 2010
Vietnam National Coal-Mineral Industries Group and other state companies in the Southeast Asian nation may have to pay more to borrow as the near-bankrupt national shipbuilder struggles to repay a foreign-currency loan. Vietnam National Coal may have its rating downgraded as a debt restructuring at Vietnam Shipbuilding Industry Group, known as Vinashin, spurs a [...]
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July 13, 2009
A highly-valuable lot on Nguyen Thi Minh Khai Street, Ho Chi Minh City, has been left unused by the state-owned Gia Dinh Textile Company for five years. Land management is so bad that some state-run firms have let public land fall into private hands and many donât even keep records of what land they own [...]
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Posted in News, Social | Comments Off
Vinashin loan woes may raise borrowing costs for Vietnam's state companies
Vietnam National Coal-Mineral Industries Group and other state companies in the Southeast Asian nation may have to pay more to borrow as the near-bankrupt national shipbuilder struggles to repay a foreign-currency loan. Vietnam National Coal may have its rating downgraded as a debt restructuring at Vietnam Shipbuilding Industry Group, known as Vinashin, spurs a [...]
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Posted in Business | Comments Off