Debt improvements illustrate efficiency

Debt improvements illustrate efficiency

Despite huge spending from state coffers on supporting both individuals and enterprises, Vietnam has nevertheless controlled public debt over the past five years, with the country’s financial security and also debt quality ensured.
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.
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.
Debt limit to be adhered to despite bumps in road

Debt limit to be adhered to despite bumps in road

In spite of a dent in state budget revenue and a rise in spending this year causing a big fiscal deficit, the government will be able to retain the country’s public debt situation, ensuring national financial security.
Lenders ditch sour debt with property auctions

Lenders ditch sour debt with property auctions

Vietnamese banks are speeding up the sale of distressed loans backed by real estate – a move to get loans off their books and mend balance sheets from being impeded by a bundle of debt.
Suppliers take complaints against Leflair to authorities

Suppliers take complaints against Leflair to authorities

Its inability to pay million-dollar debts has put Vietnam-based e-commerce platform Leflair at risk of being taken to court by disgruntled suppliers.
BIDV puts Vinaxuki on sale to recover hefty debt

BIDV puts Vinaxuki on sale to recover hefty debt

BIDV will auction off the $55 million debt of Vinaxuki, which was set up to become the first Vietnamese carmaker, but slipped into losses and was shut down.
VMAC builds strategy for debt trading

VMAC builds strategy for debt trading

The Viet Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Viet Nam this year, in which it will play a central role to promote the development of the debt trading market.
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.
Licogi cannot cover debts with tiny profit

Licogi cannot cover debts with tiny profit

Construction giant Licogi earned little after-tax profit in recent years, which cannot cover the instalment payments of its half a trillion dong debts.
NA approves lifting foreign debt limit

NA approves lifting foreign debt limit

Delayed projects funded via official development assistance will receive a capital boost after the National Assembly agreed to swell Vietnam’s foreign debt cap by VND60 trillion ($2.6 billion) for medium-term public investments.
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.
Court opens Posco VST-Thanh Nam Group debt claim

Court opens Posco VST-Thanh Nam Group debt claim

Posco VST’s requirement to ask Thanh Nam Group is absolutely founded, but the final results is expected to release by the Hanoi People’ Court today.
Phuong Nam pays first dividends in seven years

Phuong Nam pays first dividends in seven years

Despite overcoming the 2017 gloom, Phuong Nam is pressed by debt and dividend payments for its shareholders who have not received dividends for seven years.
Misunderstanding around NEM Trading JSC's debt

Misunderstanding around NEM Trading JSC's debt

NEM Trading JSC may not be able to deal with a hefty debt from Vietinbank, prompting the bank to sell either the debt or the NEM’s inventory securing it.
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