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.
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.
VAMC needs more capital to settle bad debts Business

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.
VAMC needs more capital to settle bad debts Business

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.
Bad debt measures to go into effect Business

Bad debt measures to go into effect

A National Assembly resolution on non-performing loans will take effect on August 15 with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.
NA Chairwoman meets Can Tho voters Politics

NA Chairwoman meets Can Tho voters

National Assembly Chairwoman Nguyen Thi Kim Ngan and deputies met constituents from Vinh Thanh and Ninh Kieu districts in the Mekong Delta city of Can Tho on June 28.
NA discusses credit institutions-related issues Politics

NA discusses credit institutions-related issues

A draft resolution on the settlement of bad debts at credit institutions and a bill on amendments and supplements to the Law on Credit Institutions were high on the agenda of the National Assembly (NA)’s sitting on June 7.
Shares slow down as banks lose steam Business

Shares slow down as banks lose steam

Shares declined on May 23 after bank stocks, which had fueled market momentum in the previous session, tumbled unexpectedly as investors sought to earn from short margins.