The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note...
Viet Nam Asset Management Company (VAMC) on Monday conducted its first confiscation of an asset mortgaged for a non-performing loan based on a newly-issued resolution.
Facing a severe shortage of parking space, Ha Noi recently issued a regulation that high-rise building projects and trade centres must have at least three basement floors for parking.
