Overhaul of legal framework aims to tackle bad debts

Overhaul of legal framework aims to tackle bad debts

Reforms to ownership limits and bad debt resolution are expected to accelerate banking sector restructuring and strengthen financial stability.
Bad debt legislation to unlock credit

Bad debt legislation to unlock credit

A more robust legal system is crucial to unlocking over $160 billion in credit resources as Vietnam moves to amend the Law on Credit Institutions, preventing a surge in bad debt from turning into dead capital.
Bad debt risks make banks switch focus

Bad debt risks make banks switch focus

Vietnamese banks are increasingly shifting their focus from retail lending to corporate clients, driven by concerns over rising bad debts in the retail segment and heightened risk perceptions.
Regulations on bad debt trading, settlement revised

Regulations on bad debt trading, settlement revised

The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.
Banks containing threats of bad debt

Banks containing threats of bad debt

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

Rising bad debt putting brakes on lending by financial firms

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

Banks witness bleak profit results

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

Banking sector focuses on credit institution restructuring associated with bad debt settlement

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

Averting the consequences of slowing flows in capital

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

Vigilance over bad debt essential

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

Rising bad debt threat looms large

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

Growing bond market illustrating bad debt snags

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

VAT refund delays cause fear of bad debt for wood groups

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

Banks moving to restructure bad debts

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

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.
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