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bankruptcy

SBIC to declare bankruptcy: MoT

SBIC to declare bankruptcy: MoT

A process has been started to allow the Vietnam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to the deputy minister of transport Nguyễn Xuân Sang.
Hotel owners sell out to stave off bankruptcy

Hotel owners sell out to stave off bankruptcy

Fusion Suites Saigon on Suong Nguyet Anh street in District 1, HCMC, is being listed for sale at VND1,165 billion (US$50 million).
HCM City helps firms hard-hit by COVID-19 avoid bankruptcy

HCM City helps firms hard-hit by COVID-19 avoid bankruptcy

Secretary of the HCM City Party Committee Nguyen Thien Nhan has told local agencies to help local businesses affected by COVID-19 maintain production and avoid bankruptcy.
Major shareholder files for transport firm bankruptcy

Major shareholder files for transport firm bankruptcy

A shareholder at Saigontourist Transport JSC has filed for bankruptcy due to struggling business operations and an increase in expenses.
New changes help boost Vinasun performance

New changes help boost Vinasun performance

Changes in its business model and operation helped taxi firm Vinasun avoid bankruptcy last year.
Plastic industry fears bankruptcy as scrap import ban bites

Plastic industry fears bankruptcy as scrap import ban bites

Plastic companies are facing possible bankruptcy after 4,000 tonnes of plastic scrap, raw material for their production, have been held up at ports for tests to ensure they meet import criteria.  
Dung Quat shipbuilding company may declare bankruptcy

Dung Quat shipbuilding company may declare bankruptcy

Dung Quat Shipbuilding Industry Co. Ltd (DQS) may declare bankruptcy, one of the possible solutions for the company, due to the huge losses it has incurred over the past years.
Govt may sell inefficent State enterprises

Gov't may sell inefficent State enterprises

State-owned enterprises (SOEs) which record prolonged losses and lose equity capital may be put up for sale or declared bankruptcy according to law.
VN exporters seek help after Hanjin bankruptcy

VN exporters seek help after Hanjin bankruptcy

Local exporters, freight forwarding firms and seaports are calling for Government support to ease the effects of the bankruptcy filed by South Korea''s Hanjin Shipping Global (HJS), the world''s seventh-largest container carrier.
Different results for dissolution and bankruptcy

Different results for dissolution and bankruptcy

Both dissolution and bankruptcy lead to the termination of a company''s activities. However, their causes, settlement procedures and legal consequences, as well as the resultant liabilities of the proprietor are very different.
New law defines bankruptcy proceedings

New law defines bankruptcy proceedings

After 10 years from the issuance of the 2004 bankruptcy law, a new Law on Bankruptcy (the Bankruptcy Law) was passed on June 19, 2014, by the 13th National Assembly with bankruptcy proceedings separated into the two concepts - insolvency and bankruptcy.
Central bank to keep close eye on banking sector restructuring

Central bank to keep close eye on banking sector restructuring

The State Bank of Viet Nam''s Governor, Nguyen Van Binh, has said that he would continue monitoring credit institutions in the coming months.
Reforms focus on bankruptcy

Reforms focus on bankruptcy

Nguyen Duc Kien, Deputy Chairman of the National Assembly''s Economic Committee, spoke to Vietnam News Agency about draft amendments to the Laws on Enterprises and Bankruptcy.
Vinashinlines initiates bankruptcy process

Vinashinlines initiates bankruptcy process

Vinashin Ocean Shipping Company (Vinashinlines) has requested for bankruptcy procedures to be initiated at the Ha Noi People''s Court.
Legislators seek to include banks in national bankruptcy legislation

Legislators seek to include banks in national bankruptcy legislation

Viet Nam is moving to legalise bankruptcy for credit institutions, which is seen as a step in creating a more transparent and healthy money system.