Saturday, September 23, 2017 - 5:37:19

VAMC

New collateral rules good for VN banks: Moody’s

Business

New collateral rules good for VN banks: Moody’s

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note on August 28.

Bad debt measures to go into effect

Business

Bad debt measures to go into effect

A National Assembly resolution on non-performing loans will take effect on August 15 with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.

SBV prepares bad debt settlement plan

Business

SBV prepares bad debt settlement plan

The central bank on July 21 held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.

Law to allow bank bankruptcies

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Law to allow bank bankruptcies

The State Bank of Vietnam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process.

Banks to buy back bad debts from VAMC

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Banks to buy back bad debts from VAMC

Settlement of bad debts has shown positive signs after some banks announced they would buy back all their non-performing loans they sold to the Vietnam Asset Management Company (VAMC).