Update news bad debt
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 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.
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.
VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) and commercial banks have been seizing a series of valuable real estate assets to collect debts.
With attractive incentives from the Government, the opportunity for foreign investors to own 100 percent of a Vietnamese bank has never been better.
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.
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.
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,
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.
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.
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.