New York & Co's collapse a heavy hit to Song Hong Garment

New York & Co's collapse a heavy hit to Song Hong Garment

Song Hong Garment is looking at bleaker prospects after the collapse of New York & Co, its largest overseas partner.
NA Standing Committee approves reduction of environment tax on jet fuel

NA Standing Committee approves reduction of environment tax on jet fuel

The National Assembly Standing Committee on July 14 passed a resolution on the new environment tax on jet fuel.
Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.
WeFit goes bankrupt

WeFit goes bankrupt

Millions of dollars invested in fitness and beauty startup WeFit will evaporate after the bankruptcy procedures.
Leflair to file for bankruptcy after frustrating meeting with suppliers

Leflair to file for bankruptcy after frustrating meeting with suppliers

Leflair has left partners vexed after the meeting to resolve its $2 million debts towards its 500 suppliers – where only 138 were allowed in.
Vietnamese workers in a bind as underperforming enterprises stalled insurance payment

Vietnamese workers in a bind as underperforming enterprises stalled insurance payment

After a short holiday, Vietnamese workers at a South Korean garment company in HCM City were dismayed as they couldn’t get back into work.
TCM unfazed by Sears filing for bankruptcy

TCM unfazed by Sears filing for bankruptcy

VIR talks with Tran Nhu Tung, member of TCM’s board of management, about potential impacts on TCM.
DVD scandal a landmark case

DVD scandal a landmark case

Sensational news of Vien Dong Pharmaceutical’s (DVD) delisting following the court opening bankruptcy procedures against the firm in light of creditor ANZ’s petition, has set a bankruptcy precedent in Vietnam, writes Phan Hoai Hiep, head of investment management at the Ministry of Finance’s Asset and Debt Trading Company.