Bamboo Airways refutes bankruptcy claims
July 14, 2023 | 18:20
Bamboo Airways refutes insolvency speculation while introducing Nguyen Ngoc Trong as the new interim CEO following the recent resignation of Nguyen Minh Hai.
Parkson Retail Asia submits application for voluntary bankruptcy in Vietnam
April 30, 2023 | 09:34
On April 28, Parkson Vietnam Co. filed an application to the People’s Court of Ho Chi Minh City for the commencement of voluntary bankruptcy proceedings.
Thai government pumps money to save Thai Airways from bankruptcy
August 11, 2022 | 10:59
Thai Airways International Pcl will receive key financial support from the government for its 80 billion (2.2 billion USD) capital-raising and debt-to-equity swap plan which is aimed at helping the carrier come out of bankruptcy, according to Bloomberg News.
New York & Co's collapse a heavy hit to Song Hong Garment
July 20, 2020 | 15:27
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
July 15, 2020 | 17:01
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
May 23, 2020 | 20:14
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
May 12, 2020 | 12:46
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
March 11, 2020 | 10:21
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
November 06, 2018 | 12:51
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
October 30, 2018 | 11:54
VIR talks with Tran Nhu Tung, member of TCM’s board of management, about potential impacts on TCM.
DVD scandal a landmark case
October 02, 2011 | 23:24
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.
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