Tag: Vietnam’s reserves
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Before Vingroup’s Lifeline: Pomina Steel’s Plunge into Deep Losses, Negative Equity, and Accumulated Deficit...
A strategic handshake with Pham Nhat Vuong's billionaire ecosystem couldn't have come at a more pivotal moment for the former steel industry titan, now mired in the depths of crisis. Pomina Steel Corporation, once a powerhouse, has been plagued by relentless losses in recent years.
Prime Minister Urges Banking Sector to Channel Capital into Priority Areas, Cut Costs, and...
On the afternoon of November 24th, in Hanoi, Prime Minister Pham Minh Chinh attended and delivered a speech at the 9th Patriotic Emulation Congress of the Banking Sector (2025-2030), organized by the State Bank of Vietnam.
Dương Ngọc Minh’s Candid Reflection on the Brink of Bankruptcy
"A staggering debt of $1.5 billion loomed as a terrifying figure. To say liquidity was lost is an understatement—it was, in essence, a declaration of bankruptcy. The question remained: how to proceed? Clearly, HAG had lost credibility among friends, partners, and financial institutions alike," recalled Bầu Đức.
