Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).

The number of non-performing loans had been on the rise among recipients under a Government directive (Decision 67/2014/ND-CP) to support Vietnamese fishermen to build or upgrade their fishing vessels.

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

 VietNamNet Bridge – The government will carry out its fiscal and monetary policies consistently and effectively to support business production, control inflation, and stabilise the macro economy in immediate and medium periods.

VietNamNet Bridge – State-owned Vietnam Asset Management Company (VAMC), launched in late July to clean up banks’ bad debts, is considering buying up the first non-performing loans from four banks burdened by high bad debt rates

 VietNamNet Bridge – Non-performing loans totalled VND138.98 trillion (US$6 billion) by the end of July, accounting for 4.58 per cent of commercial banks' total loans, according to the latest data from the State Bank of Viet Nam.

VietNamNet Bridge – The Viet Nam Asset Management Company (VAMC) may fall well short of its target to remove VND70 trillion worth of non-performing loans from the nation's banking sector this year.

 VietNamNet Bridge – Deputy PM Nguyen Xuan Phuc on Friday presented a report to update socio-economic performance in the first five months of 2013 at the ongoing 5th session of the 13th National Assembly.

 VietNamNet Bridge – The country's maximum economic growth would be 5.35 per cent this year, according to the Viet Nam Annual Economic Report 2013 that was unveiled in the capital on May 27.

 Banks with non-performing loan ratios of 3 per cent or more will have to sell the loans to the Viet Nam Asset Management Company, a new group due to officially begin operations on July 9 this year.