Vietnam Debt and Asset Trading Corporation (DATC) will issue US$600
million of bonds overseas guaranteed by the Vietnamese Government to
restructure the debts of Vietnam Ship Building Group (Vinashin).
The Viet Nam Shipbuilding Industry Group (Vinashin) would need nearly
VND1.2 trillion (US$57.1 million) to pay out redundancy entitlements for
14,000 employees laid off under the company''s restructuring plan.
