VietNamNet Bridge – While banks outdid each other in revealing their 2014 profit figures, they seem rather reserved in their 2015 profit outlook, Vneconomy newswire revealed.

 VietNamNet Bridge – The Government's first Resolution in 2015 carries a strong can-do spirit that should benefit the business community, VCCI Chairman Vu Tien Loc tells the Nong Thon Ngay Nay (Countryside Today) Newspaper.

VietNamNet Bridge – The Vietnamese government is determined to bring total bad debts down to 3 per cent in 2015, well below last year’s 5.43 per cent.

 VietNamNet Bridge – There is widespread belief that state-owned bad debt buyer Vietnam Asset Management Company (VAMC) needs to quicken the sale of bad debts it has bought from banks.

 VietNamNet Bridge – A resolution on bad debt would be the only way to resolve legal obstacles for buyers to purchase bad debts, especially foreign investors,

Ten Vietnamese commercial banks, chosen by the State Bank of Vietnam, will be applying international bank management standards in accordance with Basel II governance standards.

It is estimated that nearly 1,000 inspection tours to commercial banks are conducted every year. However, the majority of the inspectors’ reports have never been made public.

The Ministry of Finance (MOF) has proposed to absolve tax payments for businesses that have had financial difficulties over the last five years. The total amount could reach VND4.8 trillion.

VietNamNet Bridge – In a last-minute move, the government has decided not to settle bad debts with money from the state budget, which had been suggested by the Ministry of Planning and Investment.

 VietNamNet Bridge – The government has unexpectedly asked the National Assembly to include expenditures on bad debt settlement as part of the state budget.

 Vietnam, Japan unveil plan to develop four key industries; Standard Charter Private Equity expands its portfolio to Vietnam; VAMC buys VND60 trillion bad debts; State receives $30.8b from developing bond market

 VN looks to lift shrimp industry; External capital needed in struggle to resolve bad debts; Rubber exports predicted to fall; Textiles and garments top exports again; Lack of foreign language skills disadvantages Vietnamese firms

 The Vietnam Assets Management Company (VAMC) has purchased $2.83 billion worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

 VietNamNet Bridge – Total funds provided to cover any risk reached VND77.3 trillion (US$3.6 billion) by the end of June, up 10.9 per cent over the 2013-end figure.

 Vinpearl doles out 4 million USD for Nha Trang Port stake; Experts forecast M&A surge in property sector; FDI disbursements surge 45% in eight months; More industrial parks licensed in HCM City; Gov’t introduces tax relaxation measures

 A growing number of economists have expressed serious concerns about the state of Vietnam’s public debt. Their biggest worry: the rapid growth of government-guaranteed debt, now increasing at a 50 percent annual rate.

Surprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds.

 VietNamNet Bridge – The key objective of restructuring the agriculture sector is to raise the income of 15 million farmers, Minister of Agriculture and Rural Development Cao Duc Phat told Viet Nam Economics Times.

 VietNamNet Bridge – Vietnamese customers are not loyal to retail banks, as 65–77 per cent of surveyed people were ready to close their banking accounts and change to another bank.

 VietNamNet Bridge – Economists have urged banks to look to foreign sources to settle their bad debts as Vietnam Asset Management Company (VAMC) has limited funds and can issue special bonds only.