The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).

Parkson opens first mall in Da Nang; Senior SHB executive arrested; Mobile World receives $2m in shares after bonus payout; State Treasury to issue G-bonds in Q1; Guidelines issued on selling public firms

 Domestic gold demand suffers sharp downturn; Consumer confidence keeps climbing; Vietnam pledges to facilitate RoK investors’ operations; Vietnam’s largest automobile exhibition opens; PVN buys stake in petrochemical complex

VietNamNet Bridge – Several banks have recently presented plans or expressed intentions to complete mergers even as the nation continues to speed up the restructuring of credit institutions.

 Viet Nam Asset Management Company (VAMC) yesterday purchased more than VND1 trillion (US$47 million) of Saigon Commercial Bank (SCB)'s bad debts using its bonds.

 VietNamNet Bridge – Amid economic difficulties, around 90% of banks may not make their targets for profits this year, which will also affect their Tet bonuses.   

After the smooth merger of Habubank into SHB, bankers seem to think that merger and acquisition (M&A) should be the top priority choice in their struggle to survive. However, there always exist the obstacles