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Nguyen Quoc Hung

Need to lower SMS banking services fees: VBA

Need to lower SMS banking services fees: VBA

Fees for SMS banking services are currently three times higher than standard text charges. Banks are encouraging customers to shift to using digital banking services to help reduce cost while keeping bank fees low for customers. Dr. Nguyen Quoc Hung,...
Banking profit: positive but unsustainable at present

Banking profit: positive but unsustainable at present

Vietnam News Agency talked to Dr. Nguyen Quoc Hung, general secretary of the Viet Nam Banks Association, about the prospects of the banking sector in 2022.
Banks reduce pressure of bad debt during COVID-19

Banks reduce pressure of bad debt during COVID-19

Outbreaks of COVID-19, especially in the first half of 2021, are negatively affecting the repayment of debt. This increases the pressure of bad debt on the banking system. Nguyen Quoc Hung, general secretary of the Viet Nam Banking Association, spoke...
Banks keen on housing sector despite SBV tightening

Banks keen on housing sector despite SBV tightening

Nguyen Quoc Hung, director of the State Bank of Viet Nam’s credit department, recently told the media that banks have plentiful liquidity and are ready to lend to risky areas including the property sector.
Sacombank assists rice production, trading with loans

Sacombank assists rice production, trading with loans

As of the end of last year outstanding loans in agricultural and rural areas around the country increased by 21.4 per cent from a year earlier, Nguyen Quoc Hung, director of the State Bank of Vietnam’s credit department, said.
VAMC to buy bad debts worth US4.76 billion

VAMC to buy bad debts worth US$4.76 billion

Circular 02 on bad debt classifications and risk provisions will come into effect by April this year, Chairman of the Vietnam Asset Management Company (VAMC) Nguyen Quoc Hung has revealed. He made the announcement while talking to the local media about his company''s targets...
SBV appoints VAMC Chairman

SBV appoints VAMC Chairman

The State Bank of Viet Nam (SBV) has appointed Vice Chairman of the Vietnam Asset Management (VAMC)''s Member Council Nguyen Quoc Hung as its chairman.
VAMC wants its registered capital increased

VAMC wants its registered capital increased

The Vietnam Asset Management Company (VAMC) will continue to face pressure to help credit institutions restructure non-performing loans and overcome their difficulties this year.
VAMC buys nearly 600m in bad debts

VAMC buys nearly $600m in bad debts

The Viet Nam Asset Management Company (VAMC) has bought over VND12.4 trillion (US$591.9 million) in non-performing loans from 15 commercial banks this year, according to the Permanent Deputy Chairman of VAMC''s Member Council Nguyen Quoc Hung.
Viet Nam enjoys boom in Russian visitors

Viet Nam enjoys boom in Russian visitors

Russia is becoming a key market for the Vietnamese tourism sector following annual growth of around 50 per cent in recent years.