Bonds to rescue stalled projects

Bonds to rescue stalled projects

The Ho Chi Minh City Infrastructure Investment Joint-Stock Company, better known as CII, plans to issue VND100 billion ($6.3 million) in convertible bonds to raise funds to finish stalled public works in the southern city.

State to push stalled Northbridge project in the arm

Hanoi authorities have pledged full support to the stalled $236 million Northbridge urban project, provided investors inject capital for land clearance and resettlement in one shot.

Gemadept rescues stalled deal

Vietnam’s largest shipping agency Gemadept has successfully finalised its purchase of a 45 per cent stake in a stalled property project in Ho Chi Minh City after months of negotiations.

Becalmed project sees Germans jump ship out of stalled project

Germany’s Windhorst Land Development has agreed to sell its 70 per cent stake in a stalled property project in Ho Chi Minh City to its local partner, Ben Thanh Tourist Service Company.