RPT-Vietnam gives green light for bad debt bank

Reuters - Tuesday 21st May, 2013

Tue May 21, 2013 7:41am EDT (Repeats to more subscribers) * Asset firm aimed at boosting banks' lending * Experts say Vietnam's real NPL ratio far higher HANOI, May 21 (Reuters) - Vietnam's government approved on Tuesday the formation of an asset management firm to buy bad debt from its troubled banks, an official said, a move that could help stimulate an ailing economy growing at ...

Oil production starts offshore Vietnam

Middle East Times - Tuesday 21st May, 2013

Canadian company Talisman Energy said it expects to produce 15,000 barrels of oil per day from its newly launched development offshore Vietnam. Talisman said it started oil production at the offshore Hai Su Trang and Hai Su Den development ahead of schedule. Once the facilities are commissioned, the company expects gross production to reach 15,000 bpd. "We are delighted to have achieved ...

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