mortgaged assets

Update news mortgaged assets

The dilemma of commercial banks

Banks have been warned of a sharp profit decline because of minus credit growth and higher provisions against risks.

Mortgaged assets are not selling well: local banks

Commercial banks are rushing to sell immovable properties which are collateral for unpaid debts. But finding buyers has been difficult.

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.

Bad debts may increase amid coronavirus outbreak

Bankers anticipate that the coronavirus outbreak will affect the business of many of their clients.

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.

 

VN banks boost sales of mortgaged assets to resolve bad debts

Many banks are auctioning mortgaged assets, mainly real estate, worth trillions of Vietnamese dong to speed up the resolution of non-performing loans.

 

Banks rush to sell huge mortgaged assets to collect debts

VietNamNet Bridge - The Vietnam Asset Management Company and commercial banks are offering to sell valuable real estate assets worth tens to hundreds of billion of dong each.


Who will buy multi-trillion VND worth of debts?

VietNamNet Bridge - Both Vietnamese and foreign investors say they are willing to buy assets linked to bank debts. 

Businesses lack access to bank loans due to 2013 Land Law

VietNamNet Bridge - Enterprises in industrial zones (IZs) say they cannot borrow money from banks because of provisions stipulated in the 2013 Land Law.

The myriad of methods for banks to chase for debtors

Chasing for debtors is really a strained race that commercial banks have to use all of their mental power and material resources to obtain their goal.

Banks rush to sell mortgaged assets to claim back money

VietNamNet Bridge – Machines, equipment, goods, real estate have all been advertised for sale by commercial banks to claim back their lent money. However, this proves to be a hard job.