bad loans

Update news bad loans

BIDV puts auto firm Vinaxuki up for sale to recover bad debt

The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuan Kien Auto JSC (Vinaxuki) up for auction...

VN banks sell off collateral on bad loans to recoup losses

A number of commercial banks in Vietnam have successfully recovered trillions of Vietnamese dong in bad debt by selling off collateral in the first half of 2019, according to the Nguoi Lao Dong Online website.

 

Banks drag on Europe; oil falls after Iran sanctions lifted

European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran.

Budget deficit, bad loans threaten economy

 VietNamNet Bridge – Ta Dinh Xuyen, deputy director of the National Centre for Socio-economic Information and Forecast, spoke to newspaper Nong thon Ngay nay (Countryside Today) about the forecast for Viet Nam's economy in 2016.

Standard Chartered cuts 15,000 jobs and raises $5.1bn

 Standard Chartered, the Asia-focused UK bank, is to cut 15,000 jobs by 2018 and raise $5.1bn (£3.3bn) to create a "focused and well-capitalised" group.

Moody's: NPL ratio in Vietnam at least 15 percent

 VietNamNet Bridge – Moody’s maintains the "negative" outlook on Vietnam's banking system. It also said that the non-performing loan ratio is much higher than the official figure of 4 percent reported by the State Bank of Vietnam in October 2013.

BUSINESS IN BRIEF 17/6

NPLs continue to climb north; Hydropower project owners must plant forests; Thai firms set up shoe distribution channels in Vietnam; Another coal price hike in sight; Gov’t to issue 15-year bonds