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A group of 31 people running seven debt collecting firms in Hanoi were detained Sunday facing charges for “appropriating properties.” The companies, all based in Ho Chi Minh City’s District 11, bought more than 330,000 lending contracts worth thousands of billions of dong of bad debts from financial companies and …

A new decree on corporate bonds allows issuers to extend payments by a maximum two years if holders agree. If not, issuers need to negotiate to ensure their rights are fulfilled or go back to the original payment plan. The decree, effective Sunday, drops a previous term which blocked issuers …

Vietnamese airlines are seeking government support to speed up post-pandemic recovery, including scrapping a ticket price ceiling and relaxing visa policies. The outlook for the aviation industry seemed bright in a forecast by the Civil Aviation Authority of Vietnam (CAAV) last month when it said that a full recovery of …