Latest News about mortgaged assets
Banks have been warned of a sharp profit decline because of minus credit growth and higher provisions against risks.
Bankers anticipate that the coronavirus outbreak will affect the business of many of their clients.
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.
Many banks are auctioning mortgaged assets, mainly real estate, worth trillions of Vietnamese dong to speed up the resolution of non-performing loans.