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.
banks under pressure despite positive credit recovery

Banks under pressure despite positive credit recovery

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.
hsbc profits slide as ukraine war worsens inflation

HSBC profits slide as Ukraine war worsens inflation

HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.
provision kinks leading to further study of bad debts

Provision kinks leading to further study of bad debts

New legislation governing Vietnamese credit institutions’ soured loans settlement would be studied after the fresh approval of bad debt settlement extension as pandemic-induced repercussions still impair banks’ financial soundness.
govt approves extension on bad debt settlement scheme

Gov’t approves extension on bad debt settlement scheme

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions based on Resolution 42/2017/QH14.
resolution upgrade sought to craft transparent debt market

Resolution upgrade sought to craft transparent debt market

Five years of banking reform are at risk of being wiped away if the bad debt ratio rises again, requiring new legislation for debt settlement with judicious changes to the present framework. Nevertheless, the detrimental influence of the pandemic is not predicted to significantly lower banks’ profit adjustment, credit growth, or net interest margin.
hard limit for credit institutions buying corporate bonds

Hard limit for credit institutions buying corporate bonds

Credit institutions with a bad debt ratio of more than 3 per cent are forbidden to buy corporate bonds, according to the latest announcement from the State Bank of Vietnam.