Vietnam Faces Looming Crisis as Major Power Firms Teeter on the Brink of Bankruptcy

In a stark warning that underscores the precarious state of Vietnam's energy sector, a prominent business chamber has indicated that the country is on the verge of a wave of bankruptcies among major power companies. The Vietnam Chamber of Commerce and Industry (VCCI) has voiced concerns over the sustainability and operational viability of various energy firms due to mounting financial pressures exacerbated by government policies and declining profitability.

Continue reading