HDBank on track to hit 2021 targets

HDBank on track to hit 2021 targets

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

SHB focuses on handling debts at Vinashin and VAMC

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

Non-performing loans rise with restructuring

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

Predatory debt collectors hustling on borrowed time

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

Authorities get to grips with new bad debt mountain

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

Credit institutions must speed up restructuring to meet deadline

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

BIDV puts real estate project’s debt on sale for $174 million

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

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.
Banks step up bad debt recovery in 2019

Banks step up bad debt recovery in 2019

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

Bad debt handling to be audited

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

Trillions of dongs of Vietinbank stuck in Vinachem projects

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

Central bank focuses on bad debt settlement in 2019

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

Debt Asset Trading Co expands reach to foreign-invested businesses

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

Bad debts landscape at small banks

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

Detailed guidance needed to tackle bad debt: experts

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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