The Pha Rung Shipyard Company under the Vinashin Group on Friday handed over to a South Korean partner a 6,500DWT oil tanker following a contract signed in 2016.
The State Securities Committee (SSC) decided last Friday to suspend
CIMB-Vinashin Securities Company (VSC) from the stock market for six
months, starting May 22.
The Vietnamese Government will not make any preferential policies to
support the Vietnam National Shipping Lines (Vinalines) during its
restructuring plan.
The Shipbuilding Industry Corporation (SBIC) begins operations this
month as part of the restructuring of the heavily indebted Viet Nam
Shipbuilding Industry Group (Vinashin).
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 Association of Financial Investors (VAFI) has advised the
Government and the National Assembly to sell additional stakes in
well-performing State enterprises and to offload more high-street real
estate in order to immediately raise the State budget.
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.
The State Capital Investment Corporation (SCIC) and Debt and Asset
Trading Corporation (DATC) will join hands to help restructure Vietnam
Shipbuilding Industry Group (Vinashin).