Greater efforts needed to tackle bad debts: Experts Business

Greater efforts needed to tackle bad debts: Experts

The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
VAMC establishing debt trading floor Business

VAMC establishing debt trading floor

The State-run Vietnam Asset Management Company (VAMC) is in the process of founding a debt trading floor for managing and updating information on debts, according to its latest report.
VietinBank plans to increase chartered capital Business

VietinBank plans to increase chartered capital

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) planned to increase its chartered capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal procedures for implementation.
Moody’s maintains ratings for BIDV Business

Moody’s maintains ratings for BIDV

The Bank for Investment and Development of Vietnam (BIDV)’s long-term local and foreign currency deposit and long-term issuer ratings have remained at Ba3, according to global rating agency Moody’s Investor Services.
SeABank completes settlement of VAMC special bonds Business

SeABank completes settlement of VAMC special bonds

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.