Nike suffers 790 million loss ceo confirms layoffs

The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common. The NPLs were a joint acquisition by Collectius and the International Finance Corporation (IFC), a member of the World Bank Group. Both parties partnered in 2020 to launch the $60 million Distressed Asset Recovery Platform Programme that focuses on the acquisition and resolution of distressed assets across emerging markets. This programme helped many customers across the region meet their financial obligations and regain creditworthiness. IFC is also a minority equity shareholder in Collectius. In addition, Collectius recently acquired NPL portfolios from a leading super app in Southeast Asia, as part of a regional deal that covers five countries including Vietnam. Through these NPLs acquisitions, Collectius now serves more … [Read more...] about Collectius acquires more than $800 million of non-performing loans in Vietnam

The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks

A poor man and his son who are both suffering from health problems have just received VND62 million (USD2,696) from the public after their story was published on Dantri/Dtinews. Representatives from Dantri/Dtinews visited Hoang and his son and gave the donations on June 29. Hoang Xuan Ha, 48, suffers from various diseases including diabetes, heart problems and a stroke. He weighs only 28 kilos. His nine-year-old son also weighs only 20 kilos due to malnutrition. Ha and his son live in a seriously deteriorating house in Village 2 in Hai Phong City's Kien Thuy District after his wife left with their small daughter to live with her parents. Representatives from Dantri/Dtinews visited Hoang and his son and gave the donations on June 29. Expressing his sincere thanks to the kind donors, Ha said that after his story was shared in the newspaper, he received many phone calls and gifts from people in and out of the country. "I've never received so much care and … [Read more...] about Ill man and son receive support

NA Chairman Vuong Dinh Hue witnesses the exchange of co-operation agreements between businesses and localities of Viet Nam and the UK. — VNA/VNS Photo Doan Tan National Assembly Chairman Vuong Dinh Hue attended a Viet Nam-UK high-level forum on economy and trade in London on June 29 (local time), as part of his ongoing visit to the UK. With the aim of stronger economic, trade and investment partnerships between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, British Secretary of State for International Trade Anne Marie Trevelyan, Member of Parliament Graham Stuart (the Prime Minister's Trade Envoy to Vietnam), and a large number of Vietnamese and British businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Viet Nam-UK Strategic Partnership, as well as great chances for both sides to bolster their ties through the UK-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimise the … [Read more...] about NA Chairman attends Viet Nam-UK forum in London

The vaccination is expected to be carried out in Vietnam from July to the end of this year. The made-in-Vietnam African swine fever vaccine will be likely used on a large scale by the end of 2022, according to Nguyen Van Long, acting director of the Department of Animal Health under the Ministry of Agriculture and Rural Development. Long said that the vaccine was branded NAVET-ASFVAC and is produced by NAVETCO National Veterinary Joint Stock Company. Over 50 farms in ten provinces and cities nationwide have been selected to administer 600,000 doses of vaccine against African swine fever. It is expected that vaccination will be carried out from July to the end of the year, Long noted, adding that there will be an assessment for the vaccine application and a decision on widespread use will be considered. Tran Xuan Hanh, deputy director of NAVETCO said that following five lab trials, the vaccine has proved to be able to protect at least 80% of immunized pigs, which retain … [Read more...] about Vietnam’s African swine fever vaccine to be widely used by late 2022