VAMC to establish a bad debt trading platform in Vietnam

VAMC to establish a bad debt trading platform in Vietnam

VAMC is about to establish a bad debt trading floor to buy and sell bad debts.
Unsecured debts require regulation

Unsecured debts require regulation

Unsecured loan sales may see growth accelerated in response to a Vietnamese government ban on debt collection services – however, experts believed a clearer legal framework and firmer rules would help spur a more substantial unsecured debts market. 
How Circular 03 on debt rescheduling and rates exemption affect to Vietnamese banks

How Circular 03 on debt rescheduling and rates exemption affect to Vietnamese banks

Nguyen Thi Phuong Thanh from VNDIRECT discusses how loosening debt rescheduling would support banks to retain earnings growth and assure capital safety.
Which Vietnamese banks have been keeping NPLs under 1 per cent?

Which Vietnamese banks have been keeping NPLs under 1 per cent?

While there have been sharp increases in NPLs due to the unprecedented pandemic, some lenders have successfully kept their ratios below 1 per cent.
VAMC bad debts exchange platform to soon receive approval

VAMC bad debts exchange platform to soon receive approval

The Vietnam Asset Management Company (VAMC) bad debts exchange platform will be approved by the central bank at the beginning of 2021.
Averting inflation due to excess cash in the system

Averting inflation due to excess cash in the system

As many companies cope with debts caused by the economic fallout due to the pandemic, they are unable to take loans for maintaining or expanding their business lines.
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.
BIDV puts Nam Son arrears on trade to resolve bad debt

BIDV puts Nam Son arrears on trade to resolve bad debt

With the bad debts dragging BIDV down, forcing the bank to recently put the debts of Nam Son Trading Development and Construction JSC (Nam Son) on sale.
Landmark Holding to be delisted from HSX over financial troubles

Landmark Holding to be delisted from HSX over financial troubles

Developer Landmark Holding is neck-deep in financial troubles and is plagued by uncertainties around its notorious, long-delayed Manhattan Tower project.
Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

The fate of Thai Nguyen Iron and Steel plant – phase 2 remains uncertain and it is unable to restart while its debts are only swelling.
Loan policy a true juggling act

Loan policy a true juggling act

The health crisis has led to huge demand for capital for Vietnam to fuel domestic production activities and medical treatment. However, questions arise over how the country can positing itself to access more international loans amid its efforts to control public debts.
Six Asian investors are filing a lawsuit against Huy Vietnam

Six Asian investors are filing a lawsuit against Huy Vietnam

Six Asia-based investors of Huy Vietnam are filing a lawsuit against founder Huy Nhat for suddenly closing the Mon Hue restaurant chain.
Hanoi Social Insurance names FLC unit as one of most indebted firms

Hanoi Social Insurance names FLC unit as one of most indebted firms

Local real estate giant FLC’s subsidiary FLC Faros was listed among the top five companies with the heaviest social insurance debts by Hanoi Social Insurance.
Irrecoverable debts make up more than half of bad debts

Irrecoverable debts make up more than half of bad debts

Irrecoverable debts kept increasing in 2019’s first three months and currently account for more than 50 per cent of the 22 banks’ bad debts.
Vietinbank sell Cong Thanh's huge debts to VAMC

Vietinbank sell Cong Thanh's huge debts to VAMC

Local cement company Cong Thanh Group’s trillion-VND debts at Vietinbank will be shifted to Vietnam Asset Management Company (VAMC).
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