bad debts

Update news bad debts

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

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

Vietnamese banks warned about capital shortage risk

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 debts

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 VAMC

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 VAMC

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 debt

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 debts

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 Company

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


Central bank hands banks fait accompli: increase non-interest income

 VietNamNet Bridge – In 2019 the State Bank of Viet Nam has set a credit growth target for the banking sector of 14 per cent, lower than the rates of 18 per cent in 2017 and 17 per cent in 2018.

SBV Governor vows to speed up settlement of weak banks, bad debts

 Governor of the State Bank of Vietnam (SBV) Le Minh Hung was questioned on the pace of handling bad debt and banks with bad performances during the question-and-answer session on November 1 at the 14th National Assembly’s ongoing sixth session.

Banks scramble to sell assets to recover bad debts

Since Vietnam Asset Management Company seized Sai Gon One Tower using the authority conferred on it by Resolution 42 on settling bad debts, several banks have followed suit and offered mortgaged assets for sale 

Farmers in need as pork prices plummet

 VietNamNet Bridge – Farmers need to be rescued again as prices of yet another item collapse

Coal piles up as VN firms prefer imports

According to statistics from the General Customs Department, as of December 15 Viet Nam had imported a total 13 million tonnes of coal worth US$860 million during the year, more than four times the targeted 3 million tonnes.

Experts warn of new bad debts

VietNamNet Bridge – Experts are concerned about new non-performing loans rising significantly while the Viet Nam Asset Management Company (VAMC) still has to devise radical measures to resolve bad debts acquired from banks. 

Vietnam telecom firms all set for 4G race

On January 18 Viet Nam Posts and Telecommunications Group began commercial testing of its 4G, or fourth generation mobile telecom technology, services in HCM City and the Phu Quoc Island, with speeds reaching as high as 100 Mbps.

VAMC buys 92 trillion VND worth of bad debts

 VietNamNet Bridge – The Vietnam Assets Management Company (VAMC) has issued special bonds to purchase over 92 trillion VND (4.18 billion USD) worth of bad debts from the beginning of this year to October 20,

Expansion plans on hold for local banks

 VietNamNet Bridge – Banking authorities will halt the issue of licences to domestic credit institutions that propose network expansion over the next few months.

SBV looks to drop bad debt below 3 percent by Sept.

 Governor of the State Bank of Viet Nam Nguyen Van Binh has set a new target to bring down non-performing loans (NPLs) to less than 3 per cent by September.

Bank restructuring in good progress: expert

VietNamNet Bridge – Vice Chairman of the National Assembly’s Economic Committee Nguyen Duc Kien spoke with Nhan Dan (People) newspaper about the restructuring of the banking sector and solutions to deal with bad debts.

Economic restructuring ‘too slow'

 VietNamNet Bridge – Although economic restructuring has been recognised as a vital task, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts.