Perspectives on SBV’s debt rescheduling alterations

Perspectives on SBV’s debt rescheduling alterations

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.
SBV considering proposal for developing framework for tackling NPLs

SBV considering proposal for developing framework for tackling NPLs

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.
Debt under control thanks to prudent and effective actions

Debt under control thanks to prudent and effective actions

Effective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security.
VAMC bad debts platform facilitates market options

VAMC bad debts platform facilitates market options

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.
Banks to make provisions for COVID-19 affected loans this year

Banks to make provisions for COVID-19 affected loans this year

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).
State Bank proposes expanding VAMC's operation

State Bank proposes expanding VAMC's operation

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.
What investors must notice in NPLs

What investors must notice in NPLs

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.
Bad debts causing growing concerns to banks

Bad debts causing growing concerns to banks 1

Banks are feeling growing concerns over their bad debts amid the current disruptions caused by COVID-19.
Bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Organisations rush to sell Sacombank shares to retrieve debts

Organisations rush to sell Sacombank shares to retrieve debts

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.
Banks to sell collateral assets amid fears of rising bad debts

Banks to sell collateral assets amid fears of rising bad debts

A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery.
VAMC targets to settle 50 trillion VND of bad debts this year

VAMC targets to settle 50 trillion VND of bad debts this year

The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally 50 trillion VND (2.15 billion USD) this year.
Banks sell mortgaged assets to resolve bad debts

Banks sell mortgaged assets to resolve bad debts

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.
BIDV and NCB looking at losing debts at Saplastic

BIDV and NCB looking at losing debts at Saplastic

With Saplastic standing on the brink of bankruptcy, it is unlikely BIDV and NCB will be able to collect their dues from the company.
Twelve banks clear all bad debts at VAMC

Twelve banks clear all bad debts at VAMC

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).
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