Banks containing threats of bad debt
January 26, 2024 | 15:48
Many banks experienced a surge in bad debts in the fourth quarter of last year, driving the need to consolidate capital buffers.
Rising bad debt putting brakes on lending by financial firms
November 07, 2023 | 13:00
The country is grappling with soaring bad debt and a surge in black credit, straining legitimate consumer finance firms and impacting vulnerable communities.
Banks witness bleak profit results
August 11, 2023 | 14:47
Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
Banking sector focuses on credit institution restructuring associated with bad debt settlement
June 29, 2023 | 15:24
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
Averting the consequences of slowing flows in capital
June 21, 2023 | 11:34
Low credit demand might be an early indicator that bad debt will increase. Nguyen Thi Phuong, deputy general director of Agribank, talked to VIR’s Nhue Man about the issue in the domestic market.
Vigilance over bad debt essential
May 20, 2023 | 10:00
As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to mitigate risk.
Rising bad debt threat looms large
February 09, 2023 | 12:33
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.
Growing bond market illustrating bad debt snags
December 13, 2022 | 18:39
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
November 17, 2022 | 16:00
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 moving to restructure bad debts
September 26, 2022 | 16:31
As a circular on debt rescheduling for clients affected by the pandemic has expired, banks will face increased debt restructuring.
NA approves extension of pilot bad debt settlement resolution
June 20, 2022 | 09:39
The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.
State Bank asks for extension to bad debt programme
May 25, 2022 | 10:39
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.
Gov’t approves extension on bad debt settlement scheme
March 30, 2022 | 10:44
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
November 30, 2021 | 12:09
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.
Banks raise provisions in anticipation of bad debt
November 10, 2021 | 21:41
In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
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