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Tag: insolvency
Bad debts to see well-known Vietnam ship-restaurant to go under the hammer
The HCM City Property Auction Service Center is set to auction the debt of Hao Huy Trading Company Limited to recover nearly VND 134 billion (US$5.24 million) owed to Vietnam’s Agribank. The debt is secured by the well-known Elisa ship restaurant anchored at the foot of Nguyen Hue Boulevard in the heart of Ho Chi Minh City, Tuoi Tre is reporting.
Vietnam local broadcasters in crisis as staff go unpaid for months
Staff at An Giang and Can Tho Radio and Television Stations have publicly petitioned provincial authorities after going months without pay or allowances, Dan Tri is reporting. This is a rare move that underscores the financial distress facing Vietnam’s local state-run media.
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