Hanoi: The Vietnamese government is seeking to suspend debt repayments by troubled Vietnam Shipbuilding Industry Group (Vinashin) Deputy Prime Minister Nguyen Sinh Hung told the State Bank of Vietnam to order the suspension until the end of 2011, local media reported. Hung is responsible for the restructuring of Vinashin. The state-owned shipbuilder has debts of $4.6bn.

Source: seatrade asia