Bad debts expected to slow next time despite rising in nine months

Monday, Nov 04, 2024

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.

VAMC to auction bad debts starting at nearly $10 mln

Thursday, Sep 19, 2024

VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.

Banks ramp up sale of real estate collateral to recover bad debts

Friday, Sep 13, 2024

Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.

Bad debts kept rising in first five months of 2024

Monday, Aug 12, 2024

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94 per cent, higher than the 4.55 per cent at the end of 2023

Consumer lending faces challenges

Monday, Jul 22, 2024

It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.

Temporary exit suspension due to tax debts applied for some people

Wednesday, Jul 10, 2024

Not all individuals who owe taxes will have their departure delayed, the process only applies to a small number, according to the General Department of Taxation.

Property market slump prevents banks from selling collateral to recover bad debts

Tuesday, Jul 09, 2024

Banks are struggling to sell defaulting borrowers’ collateral, primarily real estate, to recover the debts since the property market is sluggish.

Bank bad debts forecast to remain under great pressure in 2024

Tuesday, Dec 26, 2023

Banks said about 70 per cent of assets, which are mortgaged at banks for loans, currently are real estate.

Renewable energy companies report lower earnings, burdened with bond debts

Wednesday, Sep 13, 2023

The poor business results of renewable energy businesses stem from many reasons, including businesses using financial leverage by mobilising large amounts of capital through bond issuance.

Businesses in HCM City face significant tax debts due to financial constraints

Saturday, Sep 02, 2023

A number of businesses in HCM City, particularly those operating in the real estate sector, are facing significant tax debts due to financial constraints and liquidity issues.

Bad debts skyrocket in wake of poor business performance

Monday, Aug 07, 2023

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.

Law needed to ensure banks can repossess collateral on bad debts

Wednesday, Jul 19, 2023

Without regulations allowing them to seize collateral under Resolution 42, banks may be afraid to grant credit, affecting the ability to access loans of firms and individuals.

Bad debts running rampant in construction sector

Tuesday, May 23, 2023

Very few contractors have taken legal action against their defaulted investors. It took them around three to five years to have their cases heard but the plaintiffs got their money back in just 30 per cent of the cases.

The Prime Minister asked to check the bank's sale of debt and collateral

Wednesday, Mar 01, 2023

A number of banks have offered for sale debt and collateral to recover and handle bad debts in the first half of last month.

Banks strengthen provision buffer for defaulted loans amid rising bad debts

Wednesday, Dec 14, 2022

According to experts, the move is a positive signal reflecting the preparation of banks for unpredictable fluctuations.