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bad debt ratio
Update news bad debt ratio
Extension of Circular 14 unneccessary: insiders
The expiration of Circular 14 on debt rescheduling and interest rates reduction in late June is likely to expose banks to higher levels of non-performing loans (NPLs), yet insiders say it is unnecessary to extend it.
Banks struggle to sell cars to collect debts
Hundreds of cars serving as collateral for bank loans have been put on sale by commercial banks to collect debts.
Profit of VN banks soar again
Reporting high profits, Vietnamese commercial banks have once again lifted concerns about profit growth limits.
Vietnam’s economy in 2018-2020 as seen by PM’s advisory team
The inflation rate in all three scenarios drawn up by the Prime Minister’s economic advisory team is below 4 percent.
Iron discipline helps banking system escape ‘life-and-death’ moment
VietNamNet Bridge - With new policies and ‘iron discipline’, the State Bank and Governor Nguyen Van Binh has led the banking system to sustainable growth.
Bad debt settlement process going slowly
VietNamNet Bridge - VCB Securities believes that the bad-debt ratio of the national economy may be as high as 11.02 percent.
SBV vows to control commercial banks’ branch expansion
VietNamNet Bridge - Only commercial banks which have successfully reduced bad debt ratios to below 3 percent of their total outstanding loans will be allowed to open new branches.
Banks’ irrecoverable debts see huge increase
The irrecoverable debts of 12 Vietnamese commercial banks by September 30, 2015 had reached VND23.522 trillion, which accounts for 65 percent of bad debts, representing a 15 percent increase from the 50 percent reported in mid-2015.
Barriers removed from purchasing debt, but foreign buyers proceed slowly
VietNamNet Bridge - All the barricades that prevent foreign investors from buying bad debt from Vietnamese commercial banks have been removed, but everyone is still moving slowly and cautiously.
Shipping firms go aground, bankers burdened with old ships
VietNamNet Bridge - Many banks cannot collect debts from shipping firms, which have been taking losses for several years.
Bad debt ratio to be slashed to 3 percent
The Government has proposed to the Party Central Committee and the National Assembly a scheme that will reduce bad debts in the nation's banking system this year to three percent of total lending.
Moody’s raises Vietnam credit rating
VietNamNet Bridge – Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.
BUSINESS IN BRIEF 25/9
Economic restructuring brings opportunities to investors; JW Marriott Hanoi win Best New MICE Hotel award; Pepper export value hits US$1bln for first time; Vietnam’s export to Laos hits 287 mln USD in 8 months
Bad debts decrease, but worries still exist
The pressure on the banking system has been eased once the bad debts are on the decrease. However, bankers themselves admitted that their worries still have not been lifted.
SBV considers increasing pressure on weak banks
Weak banks would be put under the special control, forced to merge to others or go bankrupt if necessary.
The bad debt panorama: hundreds of millions USD may be lost
International experts have warned that the bad debts, worth hundreds of trillions of dong would still be the big challenge for the Vietnam’s national economy for at least several years.
