Many shipping firms on the verge of going bankrupt

In the first six months in 2011, Vinalines posted a loss of 660 billion dong, of which Vinalines branch in HCM City lost 140 billion dong, according to Thoi Bao Kinh Te Saigon (Saigon Economic Times) on Monday. In addition, Falcon Shipping Joint Stock Company (Falcon) also reported a 48 billion dong loss, while VTB [...]

Oct 4 2011 | Posted in Economy News,Industry,Shipbuilding | Read More »

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