Business
Bonds to be issued on banks' bad debts
The Vietnam Asset Management Company has begun to issue a new class of bond against bad debts that can be traded between the central bank and lenders as well as among the latter.
Business
Business
Business
Bad debt ratio slashed to 3.21 percent
From 2012 to August 2015, credit organisations handled 424.14 trillion VND worth of bad debt, bringing the ratio of bad debt to 3.21 percent this August from 4.93 percent in September 2012.
Business
Ministry seeks debts to boost tax collection
The Ministry of Finance would speed up the collection of tax arrears in September as a part of the efforts to fulfill the budget collection goal amid plunging oil prices.
Business
Credit firms struggle to retrieve collateral
While handling pledged assets is considered an effective tool for credit institutions to retrieve debts and reduce non-performing loans, gaps in regulation have been hindering progress on this front.
Business
VAMC to buy bad debts at market value
Starting 2016, the Vietnam Asset Management Company (VAMC) will mainly
buy non-performing loans (NPLs) from credit institutions at market value
and restrict using special bonds for the purchase.
Politics
Government keeps close control of public debts
Deputy Prime Minister Nguyen Xuan Phuc confirmed the Government has been
cautious in public debts management via stabilising the macro economy
and improving the investment environment.
