New corporate bonds

However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name

Phan Cong Chanh, a private real estate consultant, said that even if the land around Long Thanh Airport in increasing in value, it could take many years for purchases to be worthwhile. “Therefore, investments in the land here do not amount to much for short-term investors. Meanwhile, brokers must also be more cautious with dossiers of the land plots,” Chanh said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24

In the third quarter, MBB reported an increase of 6.1 per cent year-on-year to more than VND6,735 trillion in revenue. The bank’s profit after tax rose 8.3 per cent to VND2.357 trillion. In the first nine months of last year, the profit after tax climbed 6.4 per cent year-on-year to nearly VND6.332 trillion. … [Read more...] about Bao Minh Insurance plans to divest from MBB