Vinashin misses deadline for loan payment

Vietnamese state shipbuilder Vinashin failed to meet an extended deadline to make a $60m loan payment to foreign creditors on Thursday, pushing the company into default.

Failure to make the payment has added to worries that Vinashinâ€™s troubles will make it more costly for other Vietnamese companies to borrow overseas. – FT

Tags: Vinashin debt

Posted by VBN on Dec 24 2010. Filed under Shipbuilding. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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