Sunday, July 21, 2019 - 3:08:28

Mekong Housing Bank

Homebuyers given assistance

Society

Homebuyers given assistance

Individuals purchasing commercial houses worth 1.05 billion VND (50,000 USD) or less in urban projects that authorities have approved are entitled to financial assistance from the national real estate bailout programme.

Eight banks to pilot credit link

Business

Eight banks to pilot credit link

The State Bank of Vietnam, on May 12, issued Document 3128/NHNN-TD appointing eight commercial banks to pilot a credit product linking four entities involved in the realty sector.

Vietcombank merger news expected

Business

Vietcombank merger news expected

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), one of the nation's biggest banks, is expected to ask its stakeholders at the meeting next week about a merger with a credit institution whose name remains a secret, Ban Viet Securities revealed on April 11.

BIDV to sell non-performing loans to VAMC

Business

BIDV to sell non-performing loans to VAMC

The Bank for Investment and Development of Vietnam (BIDV) plans to sell non-performing loans worth 1.5 trillion VND (71.4 million USD) to the Vietnam Asset Management Company (VAMC) this week, the Vietnam Economic Times reports.

Agribank strikes social housing credit deal

Business

Agribank strikes social housing credit deal

The Vietnam Bank for Agriculture and Rural Development (Agribank) has become the first state-owned commercial lender to offer loans to property developers involved in 13 social housing projects with the signing of lending contracts between the two sides taking place in Hanoi on June 10.

Agribank strikes social housing credit deal

Business

Agribank strikes social housing credit deal

The Vietnam Bank for Agriculture and Rural Development (Agribank) has become the first state-owned commercial lender to offer loans to property developers involved in 13 social housing projects with the signing of lending contracts between the two sides taking place in Hanoi on June 10.

Bad debt hampers banks’ restructuring

Business

Bad debt hampers banks’ restructuring

The priority task when restructuring the commercial banks is to resolve the bad debts and simplify lending procedures, say economic analysts.

They explain that besides some certain successes in the integration process, Vietnam ’s commercial banks have several shortcomings in terms of administration, human resources, rising bad debts and a low level of liquidity.