date:Aug 02, 2012
But one exporter, Binh An Seafood Joint Stock Company orBianfishco (BAF), is in deep financial trouble, and looking forhelp to settle its huge debts. Saigon Hanoi Commercial JointStock Bank (SHB) has agreed to join a rescue plan.
Under the plan, SHB pledges to issue a letter of guarantee toVietnam Development Bank (VDB)-branch in Can Tho-Hau Giang sothat VDB releases the seafood company's mortgaged assets it wasreported July 31. Bianfishco mortgaged the assets earlier inorder to ask for loans f