Tuesday , November 26 2024

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Masan Group secures $650M loan from foreign lenders

Masan Group secures $650M loan from foreign lenders

Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations. The loan was provided by BNP Paribas, Credit Suisse, HSBC, Standard Chartered Bank, and the United Overseas Bank, in which $375 million have been committed , Masan said in …

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Factories continue to cut workforce as orders remain elusive

Many factories continue to lay off or furlough workers as order books remain anemic and show no signs of recovery. F&P Company, which manufactures electronic components at its plant in the Tan Thuan Export Processing Zone in Ho Chi Minh City’s District 7, will not renew the labor contracts of …

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