Vinawaco wants exemption from $2.34 million debt

Vinawaco wants exemption from $2.34 million debt

Vietnam Waterway Construction Joint Stock Corporation (Vinawaco) once again requested the prime minister to cancel its VND53.1 billion ($2.34 million) debts to Vietcombank, including the principal, the interest, and the late payment fees.   

Vinawaco’s restructuring in dire need

A radical restructuring plan is crucial to help Vietnam’s giant transport work contractor Vinawaco escape its debts.