bad debt

Update news bad debt

Asset market quiet ‘cause there aren’t good-priced items

Though the assets offered for sale are plentiful, only few deals have been made.

Fitch revises Vietnam's credit outlook to positive

 VietNamNet Bridge – Credit rating firm Fitch has revised Vietnam’s credit outlook to Positive from Stable due to economic movements in the past time.

Banks still bleak about boosting credit in 2014

 VietNamNet Bridge – Bank executives are mulling ways to achieve credit growth this year amid a continuing tough business climate.

VAMC purchases bad debts from 14 banks

 VietNamNet Bridge - By the end of October, the Vietnam Assets Management Company (VAMC) purchased VND11 trillion of bad debts from 14 banks, despite the fact that more than 20 banks had lined up to sell about VND38 trillion of bad debts.

Banking giants to offload bad debt

VietNamNet Bridge – The Viet Nam Asset Management Company will sign contracts this week to purchase more than VND1 trillion (US$47.6 million) in bad debts from Maritime Bank, Techcombank and Global PetroBank.

Gov’t asked to get tough on cross ownership in banks

 VietNamNet Bridge – Economic experts have urged the Government to take drastic measures against “cross ownership and manipulating ownership” in local banks to restore order in the country’s financial and banking sector.


 Vingroup secures loan from international market; Ca Mau fishery sector moving towards sustainable exploitation; Dong Nai imports another 1,500 cows from Australia

Commercial banks queue up to sell bad debts

 VietNamNet Bridge – The offers to sell bad debts are coming in thick and fast after the Vietnam Asset Management Company (VAMC) started up and made the first deal with Agribank.

VAMC signs the first bad debt purchasing contract

 VietNamNet Bridge – The contract worth over VND1.7 trillion will be signed between the state-run Vietnam Assets Management Company (VAMC) with Agribank today, October 1.

Bad debt settlement: do it yourself

Even though the State Bank has released the two important legal documents which guide the bad debt purchases, analysts still don’t think the Vietnam Asset Management Company  would be useful for the debt settlement.


 SBV releases more gold into market;  Experts discuss re-structuring rice production, exports; Eight-month auto imports rise sharply; Ho Chi Minh City takes lead in FDI attraction


 Vietnam's seaport system to be adjusted; Tra fish exports to EU down by 12.8 percent; Vietnam, RoK SMEs boost cooperation; Opportunities and challenges for farm exports

Real estate loan deals to kickstart credit growth rise

 VietNamNet Bridge – A number of banks have unveiled real-estate loan packages targeting feasible property projects and mortgages to intensify credit growth.


 HDBank acquires Société Générale VietFinance; HCM City prepares for sales promotion; Easing credit burdens on farmers; Banks recommit to credit risk management


 CBU car imports down in July; Bloomberg highlights Vietnam’s edible bird spit industry; VietJet Air signs technical deal with German company; Footwear sector cashes in on bulk orders

VAMC revs up for bad debt challenge

 VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) would officially begin activities from July 26 this year with the task of helping resolve bad debts and boost credit growth in Vietnam.

Handling bad debt

On the sidelines of the bad debt management training course co-organized by Business Development Institute and Swiss Asia Banking School, Le Xuan Nghia, head of BDI, talked to local media about the bad debt handling process in Vietnam.


 Inquiry launched into tax-free car scam; Inquiry launched into tax-free car scam; Snail-paced projects revoked in Quang Ngai; Firms told not to rely on banks; Banks push bad debt reforms

Bad debt on the rise:

 VietNamNet Bridge – Banks reported a continued rise in bad debt in the first five months of this year with potentially irrecoverable debt soaring by 36.5% compared to the end of 2012.

Macro economy recovery in sight

VietNamNet Bridge – The macro economy has started showing signs of recovery with growth seen in most industries in the year’s first half, but such achievements are still fragile,