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.
Shipbuilding Industry Corporation (SBIC), previously known as Vinashin,
will sell its entire holding of nearly 4.48 million shares, equivalent
to 7.53 per cent stake, in PetroVietnam Marine Shipyard (PV Shipyard).
The Việt Nam Ship Building Industry Corporation (SBIC) plans to earn
nearly VND7.63 trillion (US$341.5 million) in revenue in 2017, 3 per
cent to 4 per cent higher than 2016.
The Việt Nam Ship Building Industry Corporation (SBIC) plans to sell
more than 7 million shares, or 5.72 per cent, of Việt Nam Aircraft
Leasing Company (VALC)
Prime Minister Nguyen Tan Dung accepted the proposal of the
Shipbuilding Industry Corporation (SBIC) to sell 70 per cent of Damen
Song Cam Shipyard to the Netherlands'' Damen Shipyards Group.
Viet Nam''s stock market might extend its rally to this week''s sessions,
though many stock analysts warn about a possible downward correction
after last week''s strong growth.
Well-known shipbuilding firm Damen of the Netherlands is expected to buy
a 49 per cent stake in the Ha Long shipbuilding company, the
Shipbuilding Industry Corporation (SBIC) said.
The state-run Shipbuilding Industry Corporation (SBIC) successfully
restructured US$135 million of its foreign debt and VND16.61 trillion
($790.95 million) of its domestic debt in 2014, CEO Vu Anh Tuan
revealed.
The Netherlands'' Damen Shipyards Group is expected to buy at least 70
per cent of the stakes of Song Cam Shipbuilding Joint Stock Company,
reported VnExpress online.
The Government has called on relevant bodies to accelerate co-ordination
efforts with the Samsung group to restructure domestic shipbuilding
activities.
The Shipbuilding Industry Corporation (SBIC) has signed a memorandum of
understanding with Damen, one of the leading shipyard groups of the
Netherlands, to develop business cooperation.
The Shipbuilding Industry Corporation (SBIC) begins operations this
month as part of the restructuring of the heavily indebted Viet Nam
Shipbuilding Industry Group (Vinashin).