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Nam Dinh Green Steel Football Joint Stock Company is on the verge of bankruptcy.

VHO - Over the past few days, Ninh Binh public opinion has been buzzing about the bankruptcy of Nam Dinh Green Steel Football Joint Stock Company. Will Nam Dinh Green Steel Club be affected?

Báo Văn HóaBáo Văn Hóa28/10/2025

Nam Dinh Green Steel Football Joint Stock Company is on the verge of bankruptcy - photo 1
Nam Dinh Green Steel Club has transferred its operations to the management of Xuan Thien Sports Joint Stock Company. (Photo: TXND)

Talking to Van Hoa , Mr. Nguyen Quoc Phong, Director of Xuan Thien Sports Joint Stock Company, who is also the representative of Nam Dinh Green Steel Football Joint Stock Company, said: Nam Dinh Green Steel Football Joint Stock Company was formerly a state-owned company. For many years, the football team has been operating under the management of Nam Dinh Green Steel Football Joint Stock Company.

However, in order to meet the higher requirements of professional quality, from the beginning of the 2025-2026 season until now, Nam Dinh Green Steel Club has switched to operating under the management of Xuan Thien Sports Joint Stock Company. The bankruptcy of Nam Dinh Green Steel Football Joint Stock Company will not affect the competition, professional activities as well as other activities of Nam Dinh Green Steel Club, Mr. Phong affirmed.

It is known that in addition to the bankrupt Nam Dinh Green Steel Football Joint Stock Company, state capital will be divested from Nam Dinh Environment Joint Stock Company and Nam Dinh Electronics, Refrigeration and General Services Joint Stock Company according to Decision No. 1479/QD-TTg dated November 29, 2022 of the Prime Minister approving the Plan to restructure state-owned enterprises and enterprises with state capital in the period 2022-2025.

The fact that Nam Dinh Green Steel Football Joint Stock Company and a number of companies in Nam Dinh (old) are on the list of bankrupt or divested according to the policy of restructuring state-owned enterprises in Ninh Binh province, the equitization and divestment of state capital must ensure the principle that state-owned enterprises only focus on key, essential strategic areas, important areas and national security and defense, and necessary areas that enterprises of other economic sectors do not invest in.

Source: https://baovanhoa.vn/the-thao/cong-ty-co-phan-bong-da-thep-xanh-nam-dinh-thuoc-dien-pha-san-177433.html


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