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Novaland strikes deal to convert bonds to shares, easing debt pressures

The move involves the conversion of bonds into shares, signaling a strategic maneuver to shore up the company's financial standing and navigate turbulent market conditions.

Novaland battles debt woes despite restructuring drive

Prominent Vietnamese real estate developer Novaland is grappling with a staggering debt of over VND57 trillion despite concerted efforts to restructure its financial liabilities.

Private enterprise bond in Vietnam reached $4 billion

Vietnam’s private enterprise bond market increased 30 per cent year on year.

Uber agrees to pay $2.4 million tax arrears despite leaving

Netherland based Uber B.V Co., Ltd. has agreed to pay all of its tax arrears equivalent to the amount of $2.4 million to Ho Chi Minh City Department of Taxation after the ride hailing app left Vietnam.

State-owned enterprises amass US$134.6 billion in debt

Many state-owned enterprises recorded trillions-of-dong losses and negative profit.

Saigon One Tower with capital scale of US$220 million seized by VAMC to handle the debt

Saigon One Tower is a real estate project with the scale of VND5,000 billion (roughly US$220 million), but this project has been suspended since 2011 in Ho Chi Minh City.

NA action on debt pushes market up

Shares advanced on Monday on strong support from the banking sector, following a new National Assembly resolution to resolve bad debt.

Stock indexes
1,193.01 -22.67 -1.86
Volume: 859,252,249 Value: 19,106 (Billions VNĐ)
226.2 -2.63 -1.15
Volume: 86,659,113 Value: 1,701 (Billions VNĐ)
88.15 -0.48 -0.54
Volume: 49,269,037 Value: 623 (Billions VNĐ)
1,210.74 -21.96 -1.78
Volume: 258,632,636 Value: 7,835 (Billions VNĐ)