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Vietnam’s leaders say no rescue for state-run factories with massive losses
Business

Vietnam’s leaders say no rescue for state-run factories with massive losses

En nexpress - The Communist Party’s decision-making body has ordered the trade ministry to quickly end business ventures that are in the red.

Vietnam urged to reduce power losses
Business

Vietnam urged to reduce power losses

Vietnamnet - The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and

PetroVietnam-invested projects incurred huge losses under Dinh La Thang
Business

PetroVietnam-invested projects incurred huge losses under Dinh La Thang

Vietnamnet - Many projects invested by PetroVietnam, the national oil & gas group, have been found taking huge losses.

Farm produce falls in price, farmers incur losses
Business

Farm produce falls in price, farmers incur losses

Vietnamnet - Pineapple, watermelon and chili growers are complaining about the hot weather which has forced them to work hard to water crops. Meanwhile, farm produce prices have dropped dramatically.

Rice exporters suffer losses due to sudden domestic price hike
Business

Rice exporters suffer losses due to sudden domestic price hike

Vietnamnet - The sudden surge in domestic rice prices in this year’s winter-spring crop has made a number of rice exporters suffer from losses in the first quarter.

Businesses try to ease losses with private properties
Business

Businesses try to ease losses with private properties

Vietnamnet - Vo Truong Thanh, former president of Truong Thanh Furniture Group (TTF), and Tram Be, former deputy chair of Sacombank, have committed to compensate for losses incurred by their

Lam Dong Aluminium-Bauxite complex posts huge losses
Business

Lam Dong Aluminium-Bauxite complex posts huge losses

Vietnamnet - Results at Lam Dong Aluminium-Bauxite Complex show that the complex has incurred a loss of nearly VND3.7trn ($162m) after three years of operation

Industry & Trade Ministry explains giant losses at Ninh Binh Fertiliser Plant
Business

Industry & Trade Ministry explains giant losses at Ninh Binh Fertiliser Plant

Vietnamnet - The Ministry of Industry and Trade has pointed out the causes for the USD90m losses at a fertiliser plant in Ninh Binh Province that forced it to halt operation four years after being

Hotel business in Da Nang faces huge losses
Business

Hotel business in Da Nang faces huge losses

Vietnamnet - Many investors in the central city of Da Nang are seeking to sell their small and medium hotels to cut losses as the city has ample accommodation.

Toshiba chairman quits post over huge losses
World

Toshiba chairman quits post over huge losses

Yahoo News Tokyo (AFP) - Toshiba said Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear

Casinos report losses while waiting to be opened to Vietnamese
Business

Casinos report losses while waiting to be opened to Vietnamese

Vietnamnet - Most casinos have reported losses, caused mainly by the fall in the number of travelers from China and Taiwan.

Dow industrials turn higher after 5 straight losses
World

Dow industrials turn higher after 5 straight losses

Yahoo News U.S. stocks moved broadly higher in morning trading Friday ahead of the presidential inauguration of Donald Trump. Phone company stocks led the gainers. Energy stocks also rose as oil

Toshiba dives on reported nuclear power losses
World

Toshiba dives on reported nuclear power losses

Yahoo News The stock dived more than 17 percent to 238 yen after the Nikkei newspaper said the conglomerate could book losses of more than 500 billion yen ($4.4 billion) in its nuclear reactor

Asian stocks mostly lower, tracking Wall Street losses
World

Asian stocks mostly lower, tracking Wall Street losses

Yahoo News TOKYO (AP) — Shares mostly fell in Asia on Tuesday, tracking losses on Wall Street apart from the Nasdaq composite index's fresh record high.

Bitcoin extends losses, slides another 12 percent on China warning
Tech

Bitcoin extends losses, slides another 12 percent on China warning

Yahoo News - Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest

Insurer: 2016 saw highest natural disaster losses in 4 years
World

Insurer: 2016 saw highest natural disaster losses in 4 years

Yahoo News BERLIN (AP) — Last year saw the highest costs from natural disasters since 2012, with a pair of earthquakes in Japan in April accounting for the heaviest losses, a leading insurer said

Vinalines to sell shipyard despite losses
Business

Vinalines to sell shipyard despite losses

Getting rid of a loss-making shipyard member unit is now the top priority of Vinalines, despite the huge potential losses.

Maritime transport firms continue to take losses
Business

Maritime transport firms continue to take losses

The continued decrease in freight and transport demand has pushed shipping firms against the wall. Many of them have gone bankrupt, while others have had to sell ships to pay off debt.

Divestment plan may cause multi-billion dollar losses: experts
Business

Divestment plan may cause multi-billion dollar losses: experts

The government has been warned that loopholes in the process of divesting state capital from state-owned enterprises may lead to a major losses.

Industry and Trade Ministry asked to explain big SOE losses
Business

Industry and Trade Ministry asked to explain big SOE losses

The Ministry of Industry and Trade was asked to explain huge losses incurred by companies and corporations under its watch, progress made in the equitisation and divestment process, and measures

Left counters election losses with ballot measure victories
Politics

Left counters election losses with ballot measure victories

Despite major losses on elective office, left wins ballot measures on minimum wage, marijuana, gun control and others key policies.

GOP battles to limit losses, control House for 2 more years
Politics

GOP battles to limit losses, control House for 2 more years

WASHINGTON (AP) — Republicans seemed on track to secure two more years of House control in Tuesday's elections but with erosion of their historic majority, leaving hard-line conservatives with added

Asian shares extend losses as investors fret over US vote
World

Asian shares extend losses as investors fret over US vote

TOKYO (AP) — Asian shares extended losses Friday as nervous investors fretted over the potential outcome of next week's U.S. presidential election, which has become too close to call. Investors also

Asia shares extend losses as investors show pre-vote jitters
World

Asia shares extend losses as investors show pre-vote jitters

TOKYO (AP) — Asian shares extended their losses on Thursday as nervous investors fretted over the potential outcome of next week's U.S. presidential election, which has become too close to call. But

Why robots, not trade, are behind so many factory job losses
World

Why robots, not trade, are behind so many factory job losses

WASHINGTON (AP) — Donald Trump blames Mexico and China for stealing millions of jobs from the United States.