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non-performing loans (NPLs)

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.
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.
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).
VAMC special bond terms to be extended

VAMC special bond terms to be extended

Terms for special bonds issued by the Viet Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Viet Nam newly-issued regulation.
VAMC to use cash to buy NPLs

VAMC to use cash to buy NPLs

The Viet Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.
Irrecoverable debts remain high

Irrecoverable debts remain high

Though non-performing loans (NPLs) at commercial banks are being kept under control at below 3 per cent, their potentially irrecoverable debts remain high.
Interest reduced on dollar, euro loans

Interest reduced on dollar, euro loans

The Viet Nam Asset Management Company (VAMC) has cut the applicable interest rates on euro and US dollar-denominated non-performing loans (NPLs) purchased from credit institutions.
VAMC to buy bad loans from lenders

VAMC to buy bad loans from lenders

The State Bank of Viet Nam has issued a circular with new regulations on encouraging credit institutions to handle non-performing loans (NPLs).
HCM City lenders bad credit rate inches down

HCM City lenders' bad credit rate inches down

Non-performing loans (NPLs) of HCM City-based credit institutions by the end of last month stood at VND62.2 trillion (US$2.86 billion), equal to 5.49 per cent of total outstanding loans.
SBV looks to drop bad debt below 3 per cent by Sept

SBV looks to drop bad debt below 3 per cent by Sept

Governor of the State Bank of Viet Nam Nguyen Van Binh has set a new target to bring down non-performing loans (NPLs) to less than 3 per cent by September.
Stricter penalties for bank share violations

Stricter penalties for bank share violations

The State Bank of Viet Nam (SBV) will take bold actions against any breach of its rules on bank share ownership restriction.
Ministry urges bank listings to boost transparency

Ministry urges bank listings to boost transparency

The Ministry of Finance will cooperate with the State Bank of Viet Nam to encourage commercial banks to get listed to increase transparency and reduce cross-holding in the system.