September 02, 2021 | 21:36
The current wave of COVID-19’s Delta variant has pushed the Vietnamese government into implementing strict social distancing measures and lockdowns, which also significantly impedes the domestic economy.
July 28, 2021 | 11:03
The State Bank of Viet Nam is studying a proposal for developing a law on resolving the non-performing loans (NPLs) of credit institutions over the risk of rising bad debts as the COVID-19 pandemic weighs on production and business.
July 09, 2021 | 08:00
Effective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security.
July 07, 2021 | 15:13
The upcoming bad debt exchange platform from Vietnam Asset Management Company is being viewed as a promising legal intermediary which can effectively deal with sour loans, as well as help lenders simplify procedures for collateral disputes while enhancing transparency.
January 24, 2021 | 10:04
Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
December 09, 2020 | 12:37
The State Bank of Viet Nam (SBV) proposes expanding the Viet Nam Asset Management Company's (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.
November 06, 2020 | 08:55
Bad debts have become a common problem for the worldwide credit system. Managing partner Le Tien Dat and associate Thieu Thi Kieu Thu of APOLAT Legal write about bad debt investment in Vietnam and the factors financiers have to take into account.
August 28, 2020 | 11:00
Banks are feeling growing concerns over their bad debts amid the current disruptions caused by COVID-19.
August 10, 2020 | 12:56
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
July 27, 2020 | 08:00
Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price.
July 21, 2020 | 08:45
A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery.
June 08, 2020 | 06:58
The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally 50 trillion VND (2.15 billion USD) this year.
April 12, 2020 | 19:23
Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
March 30, 2020 | 11:44
With Saplastic standing on the brink of bankruptcy, it is unlikely BIDV and NCB will be able to collect their dues from the company.
February 03, 2020 | 15:52
Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Viet Nam Asset Management Company (VAMC).