Tuesday, September 18, 2018 - 22:58:03

non performing loans

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.

HDBank wins top US award for annual report

Business

HDBank wins top US award for annual report

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has won the Platinum Award, the highest recognition, at the 2017 Vision Awards Annual Report Competition organised by the League of American Communications Professionals.

Interest rate caps not needed: experts

Business

Interest rate caps not needed: experts

The State Bank of Vietnam should consider developing a roadmap to remove regulations on credit growth limits and interest rate caps as it isn’t suitable due to the country’s achievements in stabilising the nation’s economy, according to experts.

Sacombank vows to finish settling bad debts in five years

Business

Sacombank vows to finish settling bad debts in five years

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has pledged to finish settling all of the 100 trillion VND (4.38 billion USD) of its bad debts in five years, instead of 10 years as stated in the restructuring plan approved by the State Bank of Vietnam.