Banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
Non-performing loans boosted by regulation

Non-performing loans boosted by regulation

Banks are coming to grips with a tile of non-performing loans due to the pandemic. Kent Wong, partner and head of Banking and Capital Market at VCI Legal, portrays how the new circular’s debt rescheduling may affect banks, and how foreign banks could deal with distressed loans.
Resuming banking reform to shore up capital buffers

Resuming banking reform to shore up capital buffers

Vietnam is on its way to building a healthy banking system, and 2021 is deemed as a crucial year for timely debt collection. Yun Liu, economist at HSBC, looks through the lens at some of the most important indicators in Vietnam’s banking sector and offers some views regarding non-performing loans.
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.
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).
Investors frown at unrealistic listing price of Saigon One Tower

Investors frown at unrealistic listing price of Saigon One Tower

The crowning jewel of Saigon's vista, Saigon One Tower will be put on public auction, for a measly sum that investors still find too high.
Deposit security to seize top spot on upcoming bank AGM agendas

Deposit security to seize top spot on upcoming bank AGM agendas

After $13.17 million up and vanished from a savings account at Eximbank, deposit security will undoubtedly be on the top talking point at banks' upcoming AGMs.