Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Hanoi aims to halt Vinashin's losses by 2012

Hanoi aims to halt Vinashin's losses by 2012

Hanoi: The Vietnamese government aims to halt Vietnam Shipbuilding Industry Group's losses by 2012. Vietnam Prime Minister Nguyen Tan Dung has signed an order that sets out the restructuring plans for the insolvent state-owned shipbuilder. The Ministry of Transport has been tasked with stabilising the shipbuilder's production and business. Vietnam's Finance Ministry is to restructure Vinashin's finances and assess it's ability to repay its debts. Deputy Prime Minister Nguyen Sinh Hung told a media briefing earlier this week that the Government will work to halt the group's losses by 2012 and make it become stable by 2015. [18/08/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg