Strong measures needed to avoid bad debt rise

Monday, Aug 12, 2024

Despite believing the extension of debt repayment period is necessary in the short term, experts are also concerned, especially when this regulation expires, as it will great pressure on the banking system because bad debts are not accurately reflected.

New law promotes real estate-related bad debt settlement

Tuesday, Jul 30, 2024

Instead of having to transfer all of a real estate project as collateral to recover bad debts, banks will have the right to transfer part of the project.

Lenders struggling to auction assets of bad debt amid market slump

Saturday, Jul 20, 2024

State-owned Agribank is seeking to auction 28 apartments in HCM City with a starting price of VNĐ60 billion to recover debt amid a sluggish property market.

Regulations on bad debt trading, settlement revised

Monday, Jun 10, 2024

The new circular amends Circular 19/2013/TT-NHNN and the more detailed measures, will be effective from July 1 this year.

Bad debt still a headache for banks in 2024

Tuesday, May 21, 2024

According to financial statements from 28 banks that have so far reported Q1 financial statements, their total bad debt reached more than VNĐ224.14 trillion to the end of March 2024, up more than 14 per cent against the end of...

Capital increase regulation proposed to ensure safety for credit institutions

Monday, May 20, 2024

The State Bank draft circular, which has been released for public comments, supplements regulations on conditions for increasing capital at subsidiaries and affiliated companies of credit institutions.

Central bank works on bad debt regulations

Tuesday, Mar 26, 2024

The draft circular supplements regulations that VAMC can sell collateral of a NPL higher or lower than the principal balance of the NPL.

Bad debt recovery faces many challenges in 2024

Wednesday, Feb 07, 2024

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.

Central bank directs to boost bad debt handling

Wednesday, Jan 24, 2024

SBV''s focus will be directed on effectively implementing plans to handle weak credit institutions and restructure specially controlled commercial banks under the direction of competent authorities.

Banks are selling secured properties at discounts to recover debts

Saturday, Jan 20, 2024

The increasing risk of bad debt forces banks to sell secured assets, especially real estate, at discounts.

Extension of pilot resolution on bad debt settlement proposed

Tuesday, Jan 09, 2024

According to HoREA, the pilot resolution has d conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.

Risk provision costs erode bank profits in Q3 2023

Friday, Nov 10, 2023

The increase in provision costs of banks in recent quarters was forecast previously as the sharp increase in bad debt of firms, especially in the real estate and export sectors.

Bad debt ratio of banking system surges to 3.56 per cent

Tuesday, Oct 24, 2023

Some bank leaders believe the bad debt ratio will peak in the third quarter of this year and start to gradually decrease from the beginning of the next year.

Slowing realty market hinders big banks in bad debt recovery

Thursday, Apr 13, 2023

According to the audited consolidated financial statements for 2022 of the four banks,  Vietcombank, VietinBank, BIDV and Agribank, the value of collateral for loans at the banks exceeded VND2 quadrillion each.

Government to write new draft on bad debt settlement

Tuesday, Jul 26, 2022

The national legislature has requested the Government to write a draft to prepare for the expiration of Resolution 42 on bad debt settlement and hand in the draft no later than May 2023, but insiders say the deadline is tight.