Sunday, September 23, 2018 - 19:58:36

The Vietnam Asset Management Company

Deputy PM urges SBV to speed up settlement of bad debts

Business

Deputy PM urges SBV to speed up settlement of bad debts

The State Bank of Vietnam (SBV) needed to speed up the settlement of non-performing loans (NPLs) to bring down the bad debt ratio of the entire banking system, including both NPLs owned by credit institutions and the Vietnam Asset Management Company (VAMC), to below 3 percent by 2020.

SBV urges resolution to bad loans

Business

SBV urges resolution to bad loans

The State Bank of Vietnam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018.

Agribank, VAMC coordinate in settling bad debts

Business

Agribank, VAMC coordinate in settling bad debts

The Vietnam Bank for Agriculture and Rural Development (Agribank) and the Vietnam Asset Management Company (VAMC) will work closely together to review bad debts and put forth proper measures to accelerate the settlement and recovery of bad debts.

Bad debt stands at 2.51 percent in late July

Business

Bad debt stands at 2.51 percent in late July

The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State Bank of Vietnam (SBV) to the National Assembly.

VN-Index recovers but trading slow

Business

VN-Index recovers but trading slow

Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.

Vietnam says bad debts under control

Business

Vietnam says bad debts under control

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Vietnam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar on September 26.