Some banks, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues worth upto trillions of Vietnamese đồng from debt recovery this year.
Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.
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.
