bad debt

Latest News about bad debt

Banks’ bad debts rise again, raising concernsicon
BUSINESS30/11/20210

Banks’ bad debts rise again, raising concerns

Banks have reported an increase in bad debts because of the impact of the fourth Covid-19 wave. Old debts have not been settled and new debt is increasing.

 
Retired deputy minister becomes bank presidenticon

Retired deputy minister becomes bank president

BUSINESS
26/02/2021

VietBank’s president has unexpectedly resigned and his position has been transferred to a former government official.

Trillions of dong worth of debt settled each month, after resolution releasedicon

Trillions of dong worth of debt settled each month, after resolution released

BUSINESS
05/10/2020

A daring decision has helped the financial market and the banking system to stand firmly during Covid-19.

Organisations rush to sell Sacombank shares to retrieve debtsicon

Organisations rush to sell Sacombank shares to retrieve debts

BUSINESS
27/07/2020

Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price.

Liquidity abundant, banks given larger room for crediticon

Liquidity abundant, banks given larger room for credit

BUSINESS
15/07/2020

State Bank Vietnam (SBV) Governor Le Minh Hung said at a conference on reviewing socio-economic development in the first half of the year that SBV has adjusted the 2020 credit growth rate limits of some banks.

Bad debts get worseicon

Bad debts get worse

BUSINESS
15/07/2020

Even after launching a credit package worth hundreds of trillions of dong to support businesses, bad debts will still increase this year.

Predatory debt collectors hustling on borrowed timeicon

Predatory debt collectors hustling on borrowed time

BUSINESS
02/07/2020

Debt-collecting businesses are to be banned in Vietnam as part of local government action to protect customers’ rights, with the upsurge of predatory lending services triggering heated debate and eroding public trust.

Bad debts return, bank profits fallicon

Bad debts return, bank profits fall

BUSINESS
02/07/2020

Along with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts.

Authorities get to grips with new bad debt mountainicon

Authorities get to grips with new bad debt mountain

BUSINESS
27/06/2020

A spike in the amount of bad loans sitting in banks’ books has triggered Vietnamese authorities to seek new paths to recovery,

Corporate debt seen as big risk in 2020icon

Corporate debt seen as big risk in 2020

BUSINESS
09/03/2020

Some large private corporations have had to withdraw their capital from many projects and take out new loans.

Bad debts may increase amid coronavirus outbreakicon

Bad debts may increase amid coronavirus outbreak

BUSINESS
15/02/2020

Bankers anticipate that the coronavirus outbreak will affect the business of many of their clients.

Vietnam’s banks to be very busy in 2020: analystsicon

Vietnam’s banks to be very busy in 2020: analysts

BUSINESS
07/02/2020

The banks will have to complete the transitional period to meet Basel II standards and begin the race for Basel III, and will also have to list shares and compete fiercely in the digital transformation process.

Techcombank, MBBank and VP Bank are top profitleadersicon

Techcombank, MBBank and VP Bank are top profitleaders

BUSINESS
03/02/2020

While Vietcombank leads state-owned banks in terms of profit, there are three candidates for the No 1 position among private banks.

Bad debt increases, posing challenge for banking sector in 2020icon

Bad debt increases, posing challenge for banking sector in 2020

BUSINESS
28/01/2020

Commercial banks’ finance reports show that bad debts have been increasing again. Bad debt will be one of big problems for banks this year.

Vietnam banks thrive in 2019, profits exceed targetsicon

Vietnam banks thrive in 2019, profits exceed targets

BUSINESS
30/12/2019

2019 has been a good year for the banking sector. Most commercial banks performed well with profit results exceeding the targets set earlier in the year.

The picture of Vietnam's banking sector in 2019icon

The picture of Vietnam's banking sector in 2019

BUSINESS
25/12/2019

The BIDV’s sale of shares to South Korean investor, the technology upgrading race among banks and a series of moves taken by the central bank are the highlights of 2019.

Bad debt settlement in Vietnam process slowing downicon

Bad debt settlement in Vietnam process slowing down

BUSINESS
23/11/2019

Banks’ nine-month financial reports show that bad debts have increased compared with the beginning of the year, though the bad debt ratio has fallen.

Postive changes made to resolve Vietnamese banks' bad debticon

Postive changes made to resolve Vietnamese banks' bad debt

BUSINESS
22/10/2019

The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.