credit growth slowing down raising fear of business contraction

Credit growth slowing down, raising fear of business contraction

Credit growth in the first months of this year slowed significantly due to high interest rates and firms’ poor health, raising concerns about rising bad debts.
rising bad debt threat looms large

Rising bad debt threat looms large

Despite a bright business outlook, non-performing loans are causing significant concerns to banks amid a challenging environment in both the domestic and global market, according to industry experts.
bad debts continue to soar at commercial banks

Bad debts continue to soar at commercial banks

The rate of bad debt is rising at commercial banks and is expected to increase further amid real estate market woes.
debt rates set to remain lower than planned limits

Debt rates set to remain lower than planned limits

With Vietnam’s borrowing plan revealed and budget landscape finalised for next year, Vietnam is expected to see its public debt stay within the permissible limit, ensuring financial security for the nation.
growing bond market illustrating bad debt snags

Growing bond market illustrating bad debt snags

While the bad debt market in Vietnam is still in its infancy and positive conditions have converged, stronger steps need to be taken.
vat refund delays cause fear of bad debt for wood groups

VAT refund delays cause fear of bad debt for wood groups

As VAT refunds represent a crucial part of the cash flow of timber processors, the current delay is throwing a wrench in the operations of woodchip, furniture, and other timber-based producers, leading related associations to call for easier regulations.
banks post uplifting results despite underlying risks

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
banks moving to restructure bad debts

Banks moving to restructure bad debts

As a circular on debt rescheduling for clients affected by the pandemic has expired, banks will face several scenarios to deal with in terms of debt restructuring.
cost cutting measures aid debt drop

Cost-cutting measures aid debt drop

Vietnam is witnessing a strong reduction in its public debt following its close control of the issue, with the government exercising a stringent policy on increasing revenues and reducing expenditures.
major reform agenda key to control debt

Major reform agenda key to control debt

Vietnam is set to see a higher-than-expected budget deficit this year due to financial measures to support enterprises, but its public debt is projected to remain controlled.
na approves extension of pilot bad debt settlement resolution

NA approves extension of pilot bad debt settlement resolution

The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.
strengthened debt control underway

Strengthened debt control underway

In a bid to continue ensuring the country’s financial healthy situation, the National Assembly and the government have continued underscoring stringent management of the state budget as a solution to continue ensuring a safe public debt level.
real estate progress hits credit curbs

Real estate progress hits credit curbs

With the movement to limit lending to the real estate sector along with the tightening of bond issuance, capital inflow into the real estate market is being congested.
state bank asks for extension to bad debt programme

State Bank asks for extension to bad debt programme

The Government has asked for an extension to a pilot programme designed to handle bad debt from domestic financial institutions during a meeting with the National Assembly yesterday in Hanoi.
sbv warns about increasing bad debts cross ownership and risks of bot projects

SBV warns about increasing bad debts, cross-ownership, and risks of BOT projects

The State Bank of Vietnam (SBV) earlier this week reported on the evaluation of the execution of Resolution No.42/2017/QH14 on piloting bad debt settlement of credit organisations at the 15th National Assembly session.