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.
Corporate bond arena sharpens up for banks

Corporate bond arena sharpens up for banks

Vietnamese lenders are ramping up their presence in the corporate bond landscape by issuing bonds and also purchasing a large amount of this debt instrument. Notwithstanding, the local authorities have warned banks that have bought corporate bonds for the purpose of debt restructuring or stake purchasing may be at significant default risk.
Banks support customers affected by COVID-19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.