HDBank on track to hit 2021 targets
October 25, 2021 | 16:44
HDBank has announced preliminary business results for the first nine months of 2021 with positive growth, standalone bad debt ratio at less than 1 per cent, and constrained bad debt ratio at 1.4 per cent – both lower than in the same period last year.
SHB focuses on handling debts at Vinashin and VAMC
August 02, 2021 | 10:43
SHB will soon handle all debts of Vinashin and purchase all bonds held by VAMC this year thanks to increasing loan-loss provisioning.
Non-performing loans rise with restructuring
May 19, 2021 | 09:00
Banks have experienced a significant bad debt formation while implementing strict provisioning to control non-performing loans amid pandemic struggles – however, debt restructuring portfolios will slightly increase in 2021 as related conditions are expanded.
Predatory debt collectors hustling on borrowed time
July 01, 2020 | 14:00
Debt-collecting businesses are to be banned in Vietnam as part of local government action to protect customers’ rights, with the upsurge of predatory lending services triggering heated debate and eroding public trust.
Authorities get to grips with new bad debt mountain
June 24, 2020 | 17:20
A spike in the amount of bad loans sitting in banks’ books has triggered Vietnamese authorities to seek new paths to recovery, with the upcoming bad debt exchange platform envisaged to allow investors to buy and sell distressed assets, which can boost market liquidity.
Credit institutions must speed up restructuring to meet deadline
June 16, 2020 | 11:20
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.
BIDV puts real estate project’s debt on sale for $174 million
April 06, 2020 | 11:32
BIDV will organise an auction to put on sale the VND4 trillion debt of Tai Nguyen Trading Manufacturing Construction at Kenton Node in Ho Chi Minh City.
BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts
August 04, 2019 | 11:28
Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.
Banks step up bad debt recovery in 2019
July 31, 2019 | 10:34
Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.
Bad debt handling to be audited
April 13, 2019 | 10:33
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Vietnam (SAV).
Trillions of dongs of Vietinbank stuck in Vinachem projects
April 04, 2019 | 13:34
Vinachem has produced profit at one of the four of the trillion-dong loss-making projects under its management, while the others show no sign of repaying debts.
Central bank focuses on bad debt settlement in 2019
January 05, 2019 | 13:15
The Government has directed the State Bank of Vietnam (SBV) to focus on the settlement of non-performing loans (NPLs) in 2019 ..
Debt Asset Trading Co expands reach to foreign-invested businesses
November 15, 2018 | 12:09
Debts and non-performing loans of foreign-invested companies would now be also on the radar of the Debt and Asset Trading Company (DATC), Pham Manh Thuong, DATC’s general director, said at a Ministry of Finance press conference on Tuesday.
Bad debts landscape at small banks
August 30, 2018 | 12:30
There has been great variations in small banks’ bad debts performance in the first half, with some showing great improvements, while others struggle to cope.
Detailed guidance needed to tackle bad debt: experts
August 21, 2018 | 10:01
Settling non-performing loans (NPLs) has been easier since the application of Nation Assembly’s Resolution 42 a year ago, but detailed guidance is still needed to make the use of the regulation smoother, industry insiders said.
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