bad debt

Update news bad debt

Despite healthy performance, foreign funds divest MWG

After a strong rally of 30 per cent in stock price over the past four months, Mobile World Group (ticker MWG) saw back-to-back divestments from numerous of foreign funds.

Vietnamese firms urged to focus more on intangible assets

Vietnamese firms were urged to increase their focus on intangible assets to strengthen brand value at a recent conference jointly held by Brand Finance and its local representative Mibrand Vietnam in Hanoi.

Central bank extends forex loan policy

The State Bank of Vietnam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.

Economists fear big money supply may lead to high bad-debt ratio

To obtain a 20 percent credit growth rate this year, total outstanding loans will have to increase by VND1,200 trillion. In the last five last months of the year, VND700 trillion is expected to be pumped into circulation.

Multi-trillion VND worth of bad debt put on sale

A number of valuable properties such as real estate projects, machinery and equipment worth up to trillions of dong have been distrained and brought to auction by commercial banks. Debtors are also selling their assets to pay debts.

Multi-trillion VND properties seized by banks for foreclosure

VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) and commercial banks have been seizing a series of valuable real estate assets to collect debts.

VAMC takes serious measures to collect debt

VietNamNet Bridge - The Vietnam Asset Management Company (VAMC) has begun using its right to seize mortgaged assets given to it by Resolution 42 on settling bad debts. 

Foreign investors shun properties with bank debt

VAMC (Vietnam Asset Management Company) is now holding VND230 trillion worth of bad debt, including real estate which is used as collateral for bad debts it has purchased from commercial banks.

Government offers foreigners opportunities to buy into Vietnamese banks

With attractive incentives from the Government, the opportunity for foreign investors to own 100 percent of a Vietnamese bank has never been better. 

Who will benefit from the new bad-debt settlement resolution?

VietNamNet Bridge - The National Assembly has approved a resolution on dealing with bad debt, a move expected to help remove the ‘blood clot’ causing congestion to the national economy.

Private banks increase charter capital, state-owned banks undecided

VietNamNet Bridge - A number of banks have announced they will raise charter capital in 2017 after receiving approval from shareholders. But all of them are private, not state, banks.

Central Bank of Vietnam: Restructuring of banks needs legal framework

 VietNamNet Bridge – Vietnam will step up the restructuring of the banking sector this year but this process will require certain regulations to be revised to create a favorable legal framework,

Banks fear new law may hinder debt collection

Commercial banks said the 2015 Civil Code, to take effect on January 1, 2017, stipulates that if asset holders refuse to hand over their assets, which act as collateral for loans, banks will only have the right to sue for assets.

What has SBV’s Governor done in 3 months on the ‘hot seat’?

VietNamNet Bridge - The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, has been in office for only three months, but he has been active in regulating monetary policy.

Half of FIEs take losses, but still record best business performance

VCCI's Vietnam Business Annual Report 2015 shows that half of foreign invested enterprises (FIEs) take losses but have the highest ROA (return on assets), ROE (return on equity) and ROS (return on sales) indexes.

Vietnam needs a decade to deal with bad debts

VietNamNet Bridge - Five years have elapsed since the day the State Bank released figures about banks’ bad debts, but the problem still has not been settled. Vietnam will need another five years to deal with it.

Newly appointed State Bank Governor to settle bad debts

VietNamNet Bridge - The Governor of the State Bank of Vietnam (SBV) Le Minh Hung, as soon as he took office, released two documents with instructions to settle commercial banks’ debts.

Banks still cannot put bad debt burden down

VietNamNet Bridge - The bad debt ratio of the banking system has decreased, but the bad debt value has begun to increase again.

Report: Vietnam economy has weak fundamentals

 VietNamNet Bridge – Vietnam’s economy will continue growing in the short term but in the medium term, its growth path will be bumpy,

Commercial banks take an interest in seaports

VietNamNet Bridge - Why do many banks hold membership on seaport management boards?