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.
Prominent Vietnamese real estate developer Novaland is grappling with a staggering debt of over VND57 trillion despite concerted efforts to restructure its financial liabilities.
Masan Group (HSX: MSN) is going to issue VND1.5 trillion ($65.21 million) worth of bonds this month in a bid to restructure its debts.
Vinpearl has decided to restructure itself into three main brands, namely Luxury, Resort & Hotel, and Discovery so as to correspond to the three levels of experience including luxury - private, comfortable – flexible, and dynamic - exploring, respectively.
Techcombank recently appeared as a beneficiary of a financial instrument issued by the Debt and Asset Trading Cooperation (DATC) to restructure SBIC's debt (formerly known as Vinashin).