Tags

debts

Việt Nam establishes 190m State-owned asset management company

Việt Nam establishes $190m State-owned asset management company

The Government issued Decree 359/2026/NĐ-CP on September 17 which sets out the establishment, organisation, operations and financial mechanism of the credit institutions'' asset management company.
Bank recovers non-performing loans

Bank recovers non-performing loans

Bank have been seizing over thousands of land use rights certificates to resolve non-performing loans as borrowers failed to pay their debts.
Tackling bad debts will free up resources for double-digit growth

Tackling bad debts will free up resources for double-digit growth

Statistics show the ratio of bad debt has climbed above 2.8 per cent, reflecting mounting pressure on lenders and a significant volume of capital tied up in non-performing assets.
Banks must sell bad debts to VAMC if NPL ratio reaches 3 per cent

Banks must sell bad debts to VAMC if NPL ratio reaches 3 per cent

Under the draft, banks exceeding the threshold must transfer bad debts to VAMC based on inspection and valuation results to maintain a safe NPL ratio.
Banks urged to spare homes in debt seizures

Banks urged to spare homes in debt seizures

The State Bank of Vietnam has proposed assets as sole homes and only sources of income be exempted from bad debt asset seizure.
Bad debt exceeds 11 billion, a mixed picture across lenders

Bad debt exceeds $11 billion, a mixed picture across lenders

The rise of non-performing loans forced banks to increase total credit risk provisions by 10 per cent to stand at VNĐ86 trillion (US$3.3 billion).
Bad debts expected to slow next time despite rising in nine months

Bad debts expected to slow next time despite rising in nine months

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.
VAMC to auction bad debts starting at nearly 10 mln

VAMC to auction bad debts starting at nearly $10 mln

VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.
Banks ramp up sale of real estate collateral to recover bad debts

Banks ramp up sale of real estate collateral to recover bad debts

Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.
Bad debts kept rising in first five months of 2024

Bad debts kept rising in first five months of 2024

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94 per cent, higher than the 4.55 per cent at the end of 2023
Consumer lending faces challenges

Consumer lending faces challenges

It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.
Temporary exit suspension due to tax debts applied for some people

Temporary exit suspension due to tax debts applied for some people

Not all individuals who owe taxes will have their departure delayed, the process only applies to a small number, according to the General Department of Taxation.
Property market slump prevents banks from selling collateral to recover bad debts

Property market slump prevents banks from selling collateral to recover bad debts

Banks are struggling to sell defaulting borrowers’ collateral, primarily real estate, to recover the debts since the property market is sluggish.
Bank bad debts forecast to remain under great pressure in 2024

Bank bad debts forecast to remain under great pressure in 2024

Banks said about 70 per cent of assets, which are mortgaged at banks for loans, currently are real estate.
Renewable energy companies report lower earnings, burdened with bond debts

Renewable energy companies report lower earnings, burdened with bond debts

The poor business results of renewable energy businesses stem from many reasons, including businesses using financial leverage by mobilising large amounts of capital through bond issuance.