Tu Hoang
SBIC has sent 73 sets of corporate files to the State Capital Investment Corporation (SCIC) hoping that SCIC would take over some of the companies, thus reducing the debt burden on the shipbuilder.
However, SCIC has not taken over any firms so far, citing that it does not have enough conditions.
SCIC is interested in only one firm, Ship Industry Investment & Export-Import Company, but the financial investment firm is still not satisfied with the documents related to its land, investment projects and obligations.
Given the hefty hardship, SBIC has set up plans to dissolve 50 member units in the coming time after SBIC has disbanded 12 units.
The enterprise is making bankruptcy procedures for 11 enterprises who have fulfilled chartered capital contributions and 10 others who have yet to get the job done.
Among 105 enterprises belonging to the now-defunct Vinashin that have to withdraw their capital contributions made through the use of brand equities as required by the Government, only 45 companies have finished the requirement.
For the remaining firms, 39 will have their licenses revoked, be dissolved or enter court receivership.
SBIC has set up a steering committee to carry out the equitization scheme of the parent firm.
The central bank has considered many solutions to reschedule loans while the General Department of Taxation has been told to review debt of SBIC’s affiliates.
The moves suggest that SBIC is still facing many difficulties in its restructuring.
Vinashin during its heyday set up an affiliate each day. All the enterprises are now mired in hardship.
Earlier, some officials had promised at the National Assembly that Vinashin would be profitable in 2013 or 2014. However, this has not come true although SBIC has got a lot of land and credit incentives.
Đăng ký: VietNam News
