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debt

Typhoon Yagi affected borrowers to be postponed debt repayment for a year

Typhoon Yagi affected borrowers to be postponed debt repayment for a year

The State Bank of Việt Nam (SBV) is considering a plan to grant commercial banks the ability to extend debt repayment periods by up to one year for borrowers impacted by Typhoon Yagi.
Strong measures needed to avoid bad debt rise

Strong measures needed to avoid bad debt rise

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

New law promotes real estate-related bad debt settlement

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.
Real estate firms aggressively restructuring bond debt

Real estate firms aggressively restructuring bond debt

While real estate bond issuance value has recovered year-on-year, its proportion of total issuances has ped sharply - from nearly 55 per cent in the first half of 2023 to just 25 per cent in the first half of 2023.
Lenders struggling to auction assets of bad debt amid market slump

Lenders struggling to auction assets of bad debt amid market slump

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.
Demand for capital to rise amid debt repayment pressure

Demand for capital to rise amid debt repayment pressure

Corporate demand for funds is expected to increase in the second half of the year, while concerns persist regarding debt repayment pressures, analysts said.
Policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Việt Nam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
Banks estimate large extraordinary revenues from debt recovery

Banks estimate large extraordinary revenues from debt recovery

Some banks, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues worth upto trillions of Vietnamese đồng from debt recovery this year.
Regulations on bad debt trading, settlement revised

Regulations on bad debt trading, settlement revised

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

Bad debt still a headache for banks in 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

Capital increase regulation proposed to ensure safety for credit institutions

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.
Debt repayment help for struggling companies to be extended until year end

Debt repayment help for struggling companies to be extended until year end

Circular 02/2022/TT-NHNN, which allows commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors is proposed to extend to the end of 2024 instead of ending in June.
Construction and real estate businesses seek capital from shareholders to settle debts

Construction and real estate businesses seek capital from shareholders to settle debts

They are considering share issuance as a means to raise funds for debt restructuring and debt repayment. In addition to private offerings, the majority of these businesses aim to mobilise capital from existing shareholders.
Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference

Strengthening consumer protection and improving debt collection critical to promote consumer lending development: conference

VNBA estimated that lending to individuals was estimated to total around VNĐ2.8 quadrillion as of the end of 2023, or 21 per cent of the total outstanding loans in the economy.
DATC warns of fraud, imposters

DATC warns of fraud, imposters

DATC strongly recommends the public thoroughly verify the caller information and conduct their research before engaging in transactions.