A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings has said.
The Vietnam Asset Management Company (VAMC) plans to handle some 50 trillion VND (2.14 billion USD) worth of bad debts in 2019, and issue special bonds to purchase 20 trillion VND (856 million USD) of non-performing loans.
Credit institutions in Vietnam settled more than 204.4 trillion VND (8.77 billion USD) of non-performing loans (NPLs) by the end of the first quarter this year, said Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam (SBV).
The State Bank of Vietnam (SBV) is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.
The Vietnam Asset Management Company (VAMC) plans to resolve at least 140 trillion VND (5.95 billion USD) of non-performing loans (NPLs) from now until 2020, of which 34.5 trillion VND will be settled this year.
The ratio of the non-performing loans (NPLs) at commercial banks fell from 3.61 percent at the end of 2013 to 2.18 percent at present, according to Chairman of the Vietnam Asset Management Company (VAMC) Nguyen Tien Dong.
The profits of many domestic banks in the first quarter of this year are estimated to rise higher than that of the same period last year thanks to significant credit growth.
Some Vietnamese banks have made meaningful progress in the resolution of legacy problem assets, a positive credit for the sector, Moody’s said on February 5.
Lao Foreign Minister Saleumxay Kommasith visited the Diplomatic Academy of Vietnam (DAV) in Hanoi on December 7, talking to local students about 70 years of Laos’s diplomacy and 55 years of the two countries’ relations.
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.
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.
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.
Vietnam’s total loans by May 25 grew 6.53 percent from the end of 2016, which supported domestic production and business in the context of slow public investment disbursement since the beginning of the year.
Ambassador of Poland to Vietnam Barbara Szymanowska was present at a get-together marking the Constitution Day in Poland in Ho Chi Minh City on May 12.
The State Bank of Vietnam has announced the appointment of the new chairman of the Vietnam Asset Management Company (VAMC).
Ho Chi Minh City on August 11 celebrated the 40th anniversary of Vietnam-Thailand diplomatic ties (August 6, 1976- 2016).
Terms for special bonds issued by the Vietnam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases.
The Vietnam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.
