Banks set ambitious profit targets in 2021 despite COVID-19

Banks set ambitious profit targets in 2021 despite COVID-19

Many banks have set high profit targets for the new year despite COVID-19 complexities.
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.
Bad debts causing growing concerns to banks

Bad debts causing growing concerns to banks 1

Banks are feeling growing concerns over their bad debts amid the current disruptions caused by COVID-19.
VietinBank puts huge debt on trade

VietinBank puts huge debt on trade

VietinBank has put its $34.8 million debt on sales to recover loans they gave out to Bach Khoa Viet Trading-Consultancy-Investment-Construction long years ago.
BIDV sells 27 apartments of The Era Town building to recover bad debt

BIDV sells 27 apartments of The Era Town building to recover bad debt

BIDV put 27 apartments on sale at The Era Town in Ho Chi Minh City to liquidate its non-performing loans provided to the project.
FE Credit grows with improved earnings power and quality in first half

FE Credit grows with improved earnings power and quality in first half

FE Credit has ended the first half with continued growth momentum, along with strong growth in profitability, painting very positive prospects.
BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.
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.