SHB focuses on handling debts at Vinashin and VAMC

SHB focuses on handling debts at Vinashin and VAMC

SHB will soon handle all debts of Vinashin and purchase all bonds held by VAMC this year thanks to increasing loan-loss provisioning.
Ex-leader of Vinashin faces stricter punishment

Ex-leader of Vinashin faces stricter punishment

The High-level People’s Court in Hanoi on October 14 increased the penalty imposed on one of the four defendants charged with “abusing position and power to appropriate assets” at the State-run Vietnam Shipbuilding Industry Group (Vinashin).
Vinashin’s former chairman sentenced to 13 years in prison

Vinashin’s former chairman sentenced to 13 years in prison

Former Chairman of the Council of Members of the State-run Vietnam Shipbuilding Industry Group (Vinashin) Nguyen Ngoc Su was sentenced to 13 years in prison for the charge of “abusing position and power to appropriate assets” at a first-instance trial in Hanoi on June 12.
Vinashin ex-leaders prosecuted for abusing position

Vinashin ex-leaders prosecuted for abusing position

The Hanoi People’s Court on Wednesday sentenced four former leaders of State-run Vietnam Shipping Industry Corporation (Vinashin), now the Shipbuilding Industry Corporation (SBIC) for abusing their positions and power to appropriate assets at the first instance trial in Hanoi.
My Trung Industrial Park: backlog of Vinashin

My Trung Industrial Park: backlog of Vinashin

Dispelling the legal deadlock around My Trung IP is the only way to recover Hashin Co. JSC’s $23.3 million debt to SBIC.
Former general director of Vinashin arrested

Former general director of Vinashin arrested

Truong Van Tuyen, former general director of Vinashin has been accused of involvement in the appropriation of $4.57 million in interests paid by Oceanbank.
Vinashin looks for safe port to berth

Vinashin looks for safe port to berth

Vinashin Business Group is awaiting its turn to get back to a safe haven – the Ministry of Transport.
Vinashin’s frauds cost $45.35 mln: ministry

Vinashin’s frauds cost $45.35 mln: ministry

State-owned Vietnam Shipbuilding Industry Corporation’s frauds cost the state budget VND907 billion ($45.35 million), the Ministry of Public Security has said.
Vinashin fallout rolls on

Vinashin fallout rolls on

Vinashin’s infamous financial woes are taking its toll on the overseas bond issuance plans of Vietnam’s state-owned business giants.
Vinashin to restructure before it can repay corporate bonds

Vinashin to restructure before it can repay corporate bonds

The chairman of troubled shipbuilding group Vinashin, Nguyen Ngoc Su, spoke to Tin Tuc (News) newspaper about rumours that Credit Suisse had refused to extend repayment of its first $600 million of a total $4.2 billion debt.

Vinashin works way out of trouble

Troubled state-owned shipbuilder Vinashin is rushing to resume production plans to cover its huge debts.
Torch to shine into foggy SOE climate

Torch to shine into foggy SOE climate

“It has underscored the need to professionalise the management structures of Vietnam’s SOEs”
Vinashin’s restructuring is afloat

Vinashin’s restructuring is afloat

Cash strapped Vinashin may bounce back in four years thanks to its restructuring plan, Minister of Transport Ho Nghia Dung tells VIR online.
Vinashin takes measures to pay off massive debts

Vinashin takes measures to pay off massive debts

Vinashin hopes to pay all debts after completing its restructuring plan in 2013, said the group’s newly-appointed Chairman Nguyen Ngoc Su.
Government unveils Vinashin restructuring plan

Government unveils Vinashin restructuring plan

Vietnamese Prime Minister Nguyen Tan Dung yesterday signed a decision approving restructuring plan for troubled Vinashin group to restore it as a key player in the country’s shipbuilding industry.
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