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Non-performing loans

IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

The platform aims to offload up to $1.2 billion in NPLs, enabling up to 400,000 debtors to regain formal credit access.
Việt Nams banking profitability forecast to strengthen in 2024

Việt Nam’s banking profitability forecast to strengthen in 2024

Vietnam Investors Service (VIS Rating) predicts the industry''s return on average assets (ROAA) will recover from wider net interest margins (NIM) and stronger loan growth and support capital generation.
Central bank works on bad debt regulations

Central bank works on bad debt regulations

The draft circular supplements regulations that VAMC can sell collateral of a NPL higher or lower than the principal balance of the NPL.
Slower credit and non-performing loans have banks setting modest targets in 2024

Slower credit and non-performing loans have banks setting modest targets in 2024

In 2023, the country''s largest commercial banks reported nearly US$25 billion in profit. Despite the positive figure, banks were reported to have scaled back on their growth targets this year, citing cautious approaches and higher loss provisions setup compared to...
Bad debts skyrocket in wake of poor business performance

Bad debts skyrocket in wake of poor business performance

Total non-performing loans (NPLs) at many banks surged in the first half of this year due to the poor business performance of the whole economy, and experts forecast the trend will continue.
Banks strengthen provision buffer for defaulted loans amid rising bad debts

Banks strengthen provision buffer for defaulted loans amid rising bad debts

According to experts, the move is a positive signal reflecting the preparation of banks for unpredictable fluctuations.
Bad debts remain a challenge for banks in Q4 2022

Bad debts remain a challenge for banks in Q4 2022

According to the World Bank (WB), if including potential NPLs from restructured debts, the number of NPLs in the Vietnamese banking system is not low and must be continuously monitored.
Extension of Circular 14 unneccessary: insiders

Extension of Circular 14 unneccessary: insiders

The expiration of Circular 14 on debt rescheduling and interest rates reduction in late June is likely to expose banks to higher levels of non-performing loans (NPLs)
SBV considering proposal for developing framework for tackling NPLs

SBV considering proposal for developing framework for tackling NPLs

The State Bank of Viet Nam is studying a proposal for developing a law on resolving the non-performing loans (NPLs) of credit institutions over the risk of rising bad debts as the COVID-19 pandemic weighs on production and business.
Bad debts of 20 banks up 4.5% in 2020

Bad debts of 20 banks up 4.5% in 2020

The non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VND83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements.
Pandemic causes bad debts to surge

Pandemic causes bad debts to surge

Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impacts of the COVID-19 pandemic.
Keeping NPLs ratio below 3 per cent a challenge: experts

Keeping NPLs ratio below 3 per cent a challenge: experts

The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant effort to keep NPLs ratio below three per cent by the end of this year as targeted by the Government.
Bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Banks step up bad debt resolution

Banks step up bad debt resolution

Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.
Credit institutions recover nearly 1.2b of bad debts in Q1 2020

Credit institutions recover nearly $1.2b of bad debts in Q1 2020

Credit institutions in Viet Nam settled more than VND26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.