npl cancer grows profits hit

NPL cancer grows, profits hit

High non-performing loan ratios are continuing to cause expenses for banks as they are forced to invest in provisions. Larger banks particularly are finding it difficult to both battle bad debt and achieve profits.
predicated drop in lending rate anticipated

Predicated drop in lending rate anticipated

While deposit rates remain fixed, the bank lending rate could fall further due to the banking capital surplus.
masan appoints korean ceo

Masan appoints Korean CEO

Seokhee Won will join Masan as CEO of Masan Consumer Corporation and deputy CEO of Masan Group in early 2014.
anz to maintain forecast on vietnam growth

ANZ to maintain forecast on Vietnam growth

With Vietnam’s January indicators maintained steady improvement, ANZ research department keeps Vietnam GDP growth forecast of 5.6 per cent this year.
risk warnings on npls persist

Risk warnings on NPLs persist

While the State Bank and commercial banks have attempted to tackle non-performing loans, the risk of bad debts increasing in the future remains.
banks target familiar clients to boost credit

Banks target familiar clients to boost credit

Instead of offering cheap loans to all potential clients to simulate credit growth as had been done in 2012, commercial banks towards the end of this year are instead targeting clients with specific credit packages.
forex stability remains key to ensuring sustainable growth

Forex stability remains key to ensuring sustainable growth

Prime Minister Nguyen Tan Dung has required the State Bank to continue stabilise the dong’s exchange rate in 2014.
coffee firm leaves banks with bags of bitter debt

Coffee firm leaves banks with bags of bitter debt

Banks are being questioned over the quality of the credit checks after it was revealed that the Truong Ngan Company owed debts to seven different banks while using the same collateral.
vbf recommendation on banking issue

VBF recommendation on banking issue

Forum’s banking group reviews bad debts
npls rein in bank profitability

NPLs rein in bank profitability

Many commercial banks might not hit their annual profit targets for the second year running due to low credit growth and the prevailing high levels of non-performing loans.
southern bank reports third quarter profit loss

Southern Bank reports third quarter profit loss

Southern Bank’s third quarter profits fell sharply on the back of losses sustained by several areas of its operations.
gun primed on credit growth race

Gun primed on credit growth race

A looming rush to achieve the annual credit growth plan might dig Vietnam even deeper into its bad debt hole and oversupply the market with capital.
property trader ita in debt

Property trader ITA in debt

Tan Tao Investment and Industry Corporation - ITA is struggling with its credit commitments, with $85 million owed to 10 credit institutions.
bidv listing likely in early 2014 value may deter investors

BIDV listing likely in early 2014, value may deter investors

If approved by the Ho Chi Minh City Stock Exchange, BIDV may list in the first quarter of 2014 under the trading code BID, noted a report from the Ho Chi Minh Securities Corporation.
slowed credit growth stymies banking sector

Slowed credit growth stymies banking sector

Credit growth has slowed since August this year, despite efforts by banks to reduce lending rates to stimulate demand.