Many banks have bought back the bad debts that they had sold before to the Vietnam Asset Management Company (VAMC), taking a new step forward in bad debt settlement.

VietNamNet Bridge - Vietnam was expected to establish a debt trading market in 2015, but the Ministry of Finance cannot say clearly when the legal framework for the market will be set up.

VietNamNet Bridge - International institutions have given positive comments about the operation of the Vietnamese banking sector.

VietNamNet Bridge - Sacombank and VP Bank are leading the list of banks with the highest NPL (non-performing loans) ratios.

VietNamNet Bridge - Banks’ finance reports in 2016 show good news and bad news. Most of them had profits higher than the year before, but the number of non-performing loans increased.

VietNamNet Bridge - Foreign investors have been reluctant to buy Vietnam’s bad debts, after initial consideration.

 Governor of the State Bank of Viet Nam Nguyen Van Binh has set a new target to bring down non-performing loans (NPLs) to less than 3 per cent by September.

VietNamNet Bridge - The Governor of the State Bank of Vietnam Nguyen Van Binh has said that the bad debt ratio will be reduced to 3 percent by the end of the year from 4.83 percent.

Though NPLs have increased significantly, which forced commercial banks to make higher provisions against risks, they still have reported an increase in profit in the first quarter of 2015 in comparison with the same period last year.

VietNamNet Bridge - Commercial banks’ provisioning costs have been increasing, even though bank restructuring has been proceeding well.

VietNamNet Bridge - At least 3.25 percent of the total outstanding loans at banks non-performing loans (NPL) at Vietnamese banks as of December 31, as reported by the State Bank of Vietnam (SBV).

Credit institutions have been forced to sell their non-performing loans (NPLs) to national debt dealer Viet Nam Asset Management Company (VAMC) to meet regulated deadlines.

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 VietNamNet Bridge – The contract worth over VND1.7 trillion will be signed between the state-run Vietnam Assets Management Company (VAMC) with Agribank today, October 1.

 VietNamNet Bridge - While Vietnamese banks are not much interested in selling bad debt for debt settlement companies, many foreign investors are very excited.

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