Bad bank debts cast shadow over profit outlook
May 06, 2023 | 12:10
Several banks have posted low profit growth for Q1, with some even seeing negative growth, mostly due to a spike in bad debts.
Debt rates set to remain lower than planned limits
December 28, 2022 | 17:04
With Vietnam’s borrowing plan revealed and budget landscape finalised for next year, Vietnam is expected to see its public debt stay within the permissible limit, ensuring financial security for the nation.
Banks post uplifting results despite underlying risks
October 20, 2022 | 16:00
Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
Cost-cutting measures aid debt drop
September 01, 2022 | 21:04
Vietnam is witnessing a strong reduction in its public debt following its close control of the issue, with the government exercising a stringent policy on increasing revenues and reducing expenditures.
Major reform agenda key to control debt
July 20, 2022 | 18:30
Vietnam is set to see a higher-than-expected budget deficit this year due to financial measures to support enterprises, but its public debt is projected to remain controlled.
Strengthened debt control underway
June 14, 2022 | 10:00
In a bid to continue ensuring the country’s financial healthy situation, the National Assembly and the government have continued underscoring stringent management of the state budget as a solution to continue ensuring a safe public debt level.
Real estate progress hits credit curbs
May 30, 2022 | 19:39
With the movement to limit lending to the real estate sector along with the tightening of bond issuance, capital inflow into the real estate market is being congested.
Provision kinks leading to further study of bad debts
April 20, 2022 | 08:00
New legislation governing Vietnamese credit institutions’ soured loans settlement would be studied after the fresh approval of bad debt settlement extension as pandemic-induced repercussions still impair banks’ financial soundness.
Debt trading interest creates call for new framework
October 29, 2021 | 08:00
New legislation is needed to secure the future of debt trading – and with prudent tweaks to the current regime, Vietnam could open up the market for retail trading on its newest platform, bringing together banks and investors.
Perspectives on SBV’s debt rescheduling alterations
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.
SBV considering proposal for developing framework for tackling NPLs
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.
Debt under control thanks to prudent and effective actions
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.
VAMC bad debts platform facilitates market options 3
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.
Banks to make provisions for COVID-19 affected loans this year
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).
State Bank proposes expanding VAMC's operation
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.
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