Vietnam Minister Says Vinashin Should Make Its Own Debt Payment
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A Vietnamese minister said state-owned Vietnam Shipbuilding Industry Group, known as Vinashin, should make a $60 million debt payment on its own as the government offers to help the company become profitable.
“They will have to pay on their own,” Planning and Investment Minister Vo Hong Phuc told journalists in Hanoi today. “We will restructure Vinashin’s projects and we will help Vinashin operate profitably so it can pay debts by itself.”