NPL

Update news NPL

The State Bank of Vietnam aims to again curb the inflation below 4 percent and sustain the monetary market this year, SBV Governor Le Minh Hung told a teleconference of the banking sector in Hanoi on January 2.

Banks rush to buy back bad debts

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.

Bad debt settlement goes slowly because of lack of debt market

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.

Vietnam’s banking sector regains strength

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

Banks still struggling to settle bad debts

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

Banks report satisfactory profits, increased bad debts

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.

Foreign investors uninterested in buying bad debts

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

SBV looks to drop bad debt below 3 percent by Sept.

 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.

SBV dreams of slashing bad debt ratio to 3 percent

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.

Banks still gain high profits despite increased NPLs

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.

Bank restructuring proceeds smoothly, but bad debts pile up

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

Number of banks’ non-performing loans falls

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).

SBV mandates sale of NPLs

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.

BUSINESS IN BRIEF 1/3

 Vietnam dismisses bitcoin as legal currency; Lotte wants to further operations in Vietnam; IFC helps build more homes for mid-income earners in Vietnam; Cement firms remain stuck; Lower fees proposed for transport firms

VAMC signs the first bad debt purchasing contract

 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.

Vietnam’s NPL attractive to foreign investors

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

BUSINESS IN BRIEF 17/6

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