Tuesday, June 18, 2019 - 13:39:27

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New policy to speed up bad debt settlement

Business

New policy to speed up bad debt settlement

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.

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 gets new chairman

Business

VAMC gets new chairman

The State Bank of Vietnam has announced the appointment of the new chairman of the Vietnam Asset Management Company (VAMC).