Bad debt ratio at 2.3 percent by end of 2017 Business

Bad debt ratio at 2.3 percent by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.
Bank profits enable rate cuts Business

Bank profits enable rate cuts

The banking sector’s profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.
Banks pursue sustainable growth Business

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.
Bank loans for securities sector fall Business

Bank loans for securities sector fall

Total lending of the banking sector for securities trading has reached 10 trillion VND (444.4 million USD), according to Governor of the State Bank of Vietnam Le Minh Hung.
Property market stays strong Business

Property market stays strong

Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Pham Hong Ha.
SBV leader believes in healthier banking activities in coming time Business

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.
Central bank governor stresses solutions to bad debt settlement Business

Central bank governor stresses solutions to bad debt settlement

Governor of the State Bank of Vietnam (SBV) Le Minh Hung on November 16 fielded lawmakers’ questions about the banking system’s operations, underlining the need to focus on effectively implementing a resolution on piloting the settlement of bad debt at credit institutions.
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.