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non-performing loan

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.
BIDV puts auto firm Vinaxuki up for sale to recover bad debt

BIDV puts auto firm Vinaxuki up for sale to recover bad debt

The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuan Kien Auto JSC (Vinaxuki) up for auction to recover the VND1.26 trillion (US$55 million) non-performing loan.
Banks announce impressive profits in H1 2019

Banks announce impressive profits in H1 2019

Domestic banks have so far unveiled positive business performance results in the first half of this year, with some new records being set.
Bad debt ratio drops to 2.18% in five years

Bad debt ratio drops to 2.18% in five years

The non-performing loan (NPL) ratio at Viet Nam’s credit institutions has ped from 3.61 per cent in 2013 to 2.18 per cent currently, according to the Viet Nam Asset Management Company (VAMC).
Sacombank recovers more than 154.5 million worth of bad debts

Sacombank recovers more than $154.5 million worth of bad debts

Sacombank recovered more than VND3.6 trillion (over US$154.5 million) worth of bad debt in the first half of the year, bringing its non-performing loan ratio to 3.3 per cent compared to 4.28 per cent at the end of last year.
VPBank to lift charter capital

VPBank to lift charter capital

Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current charter capital from VND15.7 trillion (US$690 million) to VND27.8 trillion in 2018, the bank announced at its shareholders’ meeting held on Monday in Ha Noi.
TP Banks profit doubles year-on-year

TP Bank’s profit doubles year-on-year

Tien Phong Commercial Joint Stock Bank (TPBank) earned VND275.8 billion (US$12.1 million) in profit in the first two months of this year, a two-fold increase year-on-year.
SBV mandates sale of NPLs

SBV mandates sale of NPLs

Credit institutions have been forced to sell their non-performing loans (NPLs) to national debt dealer Viet Nam Asset Management Company (VAMC) to meet regulated deadlines.
Demand still low but economy on recovery path: HSBC report

Demand still low but economy on recovery path: HSBC report

After two high credit growth episodes in 2007 and 2009, which led to high non-performing loan ratios and damaged consumer confidence, Viet Nam is now reeling from sluggish demand, according to a recent HSBC report.
VAMC joins hands with foreign companies to resolve NPLs

VAMC joins hands with foreign companies to resolve NPLs

Vietnam Asset Management Company (VAMC) signed a contract on information security with Cushman & Wakefield and Alvarez and Marsal before allowing them to study non-performing loans.
Banks to sell non-performing loans

Banks to sell non-performing loans

Banks with non-performing loan (NPL) ratios of 3 per cent or more will have to sell the loans to the Viet Nam Asset Management Company (VAMC), a new group due to officially begin operations on July 9 this year, according to a newly-issued...