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.

 VietNamNet Bridge – The Viet Nam manufacturing sector was hit by marked downturns in output and new orders in June, leading companies to cut employment and purchasing,

 VietNamNet Bridge – Since the start of June, the Vietnamese dong has been falling against the US dollar after a long time of stability.

The State Bank of Viet Nam has said that it would closely monitor exchange rate movements and balance of payment figures to manage the rate in a manner that would encourage dong holdings and limit shifting to US dollar holdings.

 VietNamNet Bridge – Governor of the State Bank of Vietnam - Nguyen Van Binh, has attributed the dollar price increases recently to the banks’ “unfair play.”

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

 Louis Vuitton opens new store in Hanoi; Textile shareholders break out the champagne; Customs posts low tax revenues; TKV bemoans meager profits in coal export

Fish breeding may disappear from Hanoi village; Ministry proposes minimum wage increase delay; Rental property market challenged by recession; Financial restructuring fails to show results

 VietNamNet Bridge – Any transaction over VND300 million (US$14,250) must be reported to the State Bank of Viet Nam under a recent decision that goes into effect June 10.

VietNamNet Bridge – The record big gap between the domestic and international gold prices has prompted speculators to import gold to sell domestically for profit.

VietNamNet Bridge – The central bank issued a circular on Thursday making clear that it will force banks under special scrutiny to either revise up chartered capital or merge with others to secure healthy operations.

 VietNamNet Bridge – During the last two weeks the domestic foreign exchange market saw continuous fluctuations in the forex rate between the dong and US dollar,

 VietNamNet Bridge – The demand for cash during the Lunar New year holiday, or Tet, is forecast not to  be as high as that of last year and the central bank has already prepared a large volume of cash accordingly,

MARD suggests changing import laws; ‘Zombies' thrive in Viet Nam; 2012 auto sales at 93,000 units; Small traders get training for better competitiveness; Many SOEs in HCM City have debts tripling chartered capital

 VietNamNet Bridge – State Bank governor Nguyen Van Binh said the government and the entire financial and banking system have taken drastic measures to reduce bad debts while assisting businesses in overcoming difficulties.

 VietNamNet Bridge – The central bank must apply an appropriate interest rate policy and control bad debts to ensure the banking system’s liquidity while taking appropriate measures to help businesses access loans,