bad debts

Latest News about bad debts

Pandemic causes bad debts to surgeicon
BUSINESS12/11/20200

Pandemic causes bad debts to surge

Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impacts of the COVID-19 pandemic.

 
Banks to sell collateral assets amid fears of rising bad debtsicon

Banks to sell collateral assets amid fears of rising bad debts

BUSINESS
20/07/2020

A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery.

Restructuring, bad debts prevent VN banks from paying dividendsicon

Restructuring, bad debts prevent VN banks from paying dividends

BUSINESS
16/06/2020

At Sacombank’s annual general meeting held on June 5 its permanent vice chairman Pham Van Phong said that in 2019 the bank’s pre-tax profit increased by 43.2 per cent to VND3.2 trillion (US$137.5 million), which was 21.4 per cent above the target.

VN Asset Management Company targets to settle $2.15bil. bad debts this yearicon

VN Asset Management Company targets to settle $2.15bil. bad debts this year

BUSINESS
03/06/2020

The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally VND50 trillion (US$2.15 billion) this year.

VN banking sector 2020: lower profitability, higher vulnerability anticipatedicon

VN banking sector 2020: lower profitability, higher vulnerability anticipated

BUSINESS
31/05/2020

Commercial banks all can anticipate a sharp fall in profits this year because of Covid-19, though they faced difficulties later than other businesses.

Nearly US$3 billion worth of loans to BOT projects likely to become bad debticon

Nearly US$3 billion worth of loans to BOT projects likely to become bad debt

BUSINESS
27/05/2020

Forty-nine BOT (build-operate-transfer) transport projects have been reported as having revenue below expectations.

Vietnamese banks warned about capital shortage riskicon

Vietnamese banks warned about capital shortage risk

BUSINESS
20/05/2020

Overdue debts, which are increasing rapidly during Covid-19, will adversely affect business results and capital growth capability of many commercial banks in Vietnam.

Banks sell mortgaged assets to resolve bad debtsicon

Banks sell mortgaged assets to resolve bad debts

BUSINESS
12/04/2020

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

Twelve banks clear all bad debts at VAMCicon

Twelve banks clear all bad debts at VAMC

BUSINESS
04/02/2020

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).

Eighth bank cleared all bad debts at VAMCicon

Eighth bank cleared all bad debts at VAMC

BUSINESS
19/12/2019

Kien Long Bank has become the eighth bank to clear all bad debts they had previously sold to the Viet Nam Asset Management Company (VAMC) before the maturity date, VAMC announced on Tuesday.

Banks auction mortgaged assets to recover bad debticon

Banks auction mortgaged assets to recover bad debt

BUSINESS
27/11/2019

Commercial banks are attempting to sell off a host of mortgaged assets, including real estate and cars, to speed up the settlement of huge bad debt.

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debtsicon

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

BUSINESS
06/08/2019

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

Vietinbank sell Cong Thanh's huge debts to VN Asset Management Companyicon

Vietinbank sell Cong Thanh's huge debts to VN Asset Management Company

BUSINESS
06/05/2019

Local cement company Cong Thanh Group’s trillion-VND debts at Vietinbank will be shifted to Vietnam Asset Management Company (VAMC).