Update news npls

Hotel owners across Asia are seeking greater access to debt financing to bolster cash flows as they face historically low occupancy rates.

Vietnam State Bank warns of NPLs from transport projects

The State Bank of Vietnam has said it would continue to direct credit institutions to control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer and Build-Transfer transport projects.


Banks sell non-performing loans to reduce bad debt

VietNamNet Bridge – Commercial banks offloaded a large volume of non-performing loans (NPLs) to the Viet Nam Asset Management Company (VAMC) in 2015 to reduce the bad debt rate to below 3 per cent. 

Bad debts of nine listed banks revealed

 VietNamNet Bridge – The non-performing loans (NPL) of all nine listed banks are less than 3%, according to the latest consolidated financial statement of these banks.

Banks' bad debts down to 9%, says commission

VietNamNet Bridge – The National Financial Supervisory Commission has reported that the level of non-performing debt on the books of Vietnam’s banks has sunk to around 9 percent.

Irrecoverable debts on sharp rise

 VietNamNet Bridge – Of the VND6.5 trillion worth of debts the Vietnam Asset Management Company (VAMC) has bought so far, 67 percent is in the real estate sector.

VAMC purchases bad debts from 14 banks

 VietNamNet Bridge - By the end of October, the Vietnam Assets Management Company (VAMC) purchased VND11 trillion of bad debts from 14 banks, despite the fact that more than 20 banks had lined up to sell about VND38 trillion of bad debts.


 Undersupply hits small cashew processors; VAMC debt buyouts gain momentum; Hydropower projects getting the axe; Mobile phone export turnover hits new record high

It’s easy to buy, but difficult to re-sell bad debts

 VietNamNet Bridge – Though recognizing the efforts by the Vietnam Asset Management Company (VAMC), experts have pointed out that VAMC is not experienced enough to deal with bad debts.

Asset firm queried on non-performing loans

 VietNamNet Bridge – The Viet Nam Asset Management Company (VAMC) has been operating for nearly one month. However, investors still lack information about how the company will buy non-performing loans (NPLs) from banks.

Credit rating reflects macroeconomic strain

 VietNamNet Bridge – Early this year, Fitch Ratings affirmed Viet Nam's sovereign rating at B+ with a stable outlook. With Viet Nam determined to restructure the whole economy with a focus on the banking system,

Fitch reaffirms nation's B+ rating, stable outlook

 VietNamNet Bridge – Fitch Ratings last Tuesday affirmed Viet Nam's long-term foreign and local currency-issuer default ratings (IDRs) at ‘B+', with a stable outlook.

PM consults economists about socio-economic situation

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung had a periodical working session with experts and economists to discuss on January’s socio-economic situation and solutions to achieve targets set for 2013.