Vinashin ordered to report on loans

TN News

Email Print

State-owned shipbuilder Vinashin has been ordered to disclose all of its loans by next Monday as part of the government's plan to bail out the troubled company.

Deputy Prime Minister Hoang Trung Hai asked concerned government agencies to focus on restructuring the shipbuilder and protect the company's empoyees, local news website VnExpress said in a report Tuesday.

As of the end of August, Vinashin's debts amounted to VND86 trillion (US$4.4 billion) while its total assets were 104 trillion.

Five senior Vinashin officials have been arrested amid an investigation into the group.

Newly-appointed CEO Nguyen Quoc Anh told VnExpress that Vinashin is doing its best to pull through this tough time. The company has just finished construction of a 53,000-ton ship, he said.

"Hopefully all the news about Vinashin will be positive from now on," he said. "We want to prove that Vietnam's shipbuilding industry still has great potential." 

More Business News