Keyword: "debts"

The SMEs Competitiveness Index fell to 45.1 points in the second quarter, down 0.8 points from the previous quarter and remaining below the 50-point threshold that signals a contraction in business conditions.

Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.

The State-owned Vietnam Maritime Corporation (VIMC) plans to earn some 10.8 trillion VND (nearly 469 million USD) in revenue this year and post 944 billion VND in consolidated profit, its shareholders’ meeting in Hanoi on April 22 heard.

The World Bank (WB) has called on the Indonesian government to formulate a sound fiscal strategy to “flatten the debt curve” and maintain financial market confidence as debt mounts amid the COVID-19 pandemic.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it plans to reschedule debts worth 250 trillion VND (10.5 billion USD) for pandemic-affected customers in the second and third quarters of 2020.

Prime Minister Nguyen Xuan Phuc has signed a decision on the Government’s plans to borrow and pay loans as well as limits of loans in 2018.

The functions and operations of the Vietnam Debt and Asset Trading Corporation (DATC) should be restructured to deal with the “next phase” of handling non-performing loans (NPLs), the Finance Ministry (MoF) said.

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on August 1 delivered a press release on criminal proceedings against its former executives Tram Be and Phan Huy Khang.

Transferring the right of suing companies for overdue social insurance payment to workplace-based trade unions has not been as effective as lawmakers had expected.

The budget deficit in the first half of the year hit 82.9 trillion VND (3.7 billion USD) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

While a recent gov't report showed that total debts of 93 biggest state-owned enterprises in 2014 increased 8 percent compared to 2013, a state official said figure was still within the safe ratio.

While handling pledged assets is considered an effective tool for credit institutions to retrieve debts and reduce non-performing loans, gaps in regulation have been hindering progress on this front.