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NPLs)

Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference

Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference

VNBA estimated that lending to individuals was estimated to total around VNĐ2.8 quadrillion as of the end of 2023, or 21 per cent of the total outstanding loans in the economy.
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.
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.
Revised Law on Credit Institutions to cover bad debt recovery

Revised Law on Credit Institutions to cover bad debt recovery

The Government has directed the State Bank of Viet Nam to add non-performing loan settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions.
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.
Twelve banks clear all bad debts at VAMC

Twelve banks clear all bad debts at VAMC

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC).
Bad debts on the rise in H1 2019

Bad debts on the rise in H1 2019

Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business segments.
Banks see bad debt ratio drop

Banks see bad debt ratio drop

The number of non-performing loans (NPLs) at many banks has decreased dramatically in the past few months, with some even posting a decline of more than half.
VAMC plans to resolve 5.95b of bad debts by 2020

VAMC plans to resolve $5.95b of bad debts by 2020

The Viet Nam Asset Management Company plans to resolve at least VND140 trillion of non-performing loans from now until 2020, of which VND34.5 trillion will be settled this year.
SBV needs to speed up bad debt resolution

SBV needs to speed up bad debt resolution

The State Bank of Viet Nam (SBV) needed to speed up the resolution of non-performing loans (NPLs) to bring down the bad debt ratio of the entire banking system to below 3 per cent by 2020. 
Non-performing loans can weaken the banking system

Non-performing loans can weaken the banking system

Viet Nam News reporter Phuong Uyen discusses various facets of the issue with Alwaleed Alatabani, Lead Financial Sector Specialist at the World Bank in Viet Nam.
Debt trading firm in line for a makeover: Finance Ministry

Debt trading firm in line for a makeover: Finance Ministry

The functions and operations of the Vietnam Debt and Asset Trading Corporation (DATC) should be restructured to handle the “next phase” of handling non-performing loans (NPLs), the Finance Ministry (MoF) says.
Viet Nam says bad debts under control

Viet Nam 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 Viet Nam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar...
Positive trend forecast for banking sector in H2

Positive trend forecast for banking sector in H2

Following an improvement in the first half of the year, the positive trend would continue for the banking industry in the second half thanks to high credit growth and supporting policies on settling non-performing loans (NPLs).