SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024
Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Eximbank targets 90% rise in 2024 pre-tax profit
Private Vietnamese lender Eximbank has set a pre-tax profit target of VND5.18 trillion ($210.8 million) for 2024, an increase of 90.5% from last year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam passes amended credit institution law with cross ownership adjustments
The National Assembly, Vietnam’s highest legislative body, passed the amended Law on Credit Institutions Thursday with 91.28% of votes in favor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks’ bad debt exceeds $8.3 bln in 9 months
The total bad debt of 28 Vietnamese commercial banks in the year to September 30 reached more than VND201.8 trillion ($8.3 billion), an increase of 49.5% from the start of 2023.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s bad debt skyrockets: central bank
The bad debt ratio in Vietnam soared from 2% at the beginning of the year to 3.56% in late July, equivalent to more than VND440 trillion ($18 billion), according to the State Bank of Vietnam (SBV).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bad debt trader VAMC makes record profit in 2022
The Vietnam Asset Management Company (VAMC) last year recorded a profit 10 times higher than the year it started trading debts at market value in 2017.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
The Investor to hold bad debt workshop on Wednesday
The Investor will organize a non-performing loan (NPL) workshop in Hanoi on Wednesday to help improve amendments to the current Law on Credit Institutions.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nineteen out of 26 banks report positive profit growth
Most Vietnamese banks have announced positive after-tax profit growth in the first quarter of this year, but bad debt is increasing sharply.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Properties as collateral pose bad debt risks amidst current downturn
Real estate accounted for about 60% of collateral for loans at 14 banks as of end-June, up 12.7% in value against end-2021, per data collected by The Investor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government urges bank mergers, acquisitions
The government encourages banks to voluntarily purchase, sell, consolidate, and merge to expand their scale, spectrum of operation, and competitiveness during the 2021-2025 period, under a new restructuring program.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Vietnam data market charms foreign players: property firms
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Vietnam healthtech sector turns investment magnet
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Site clearance deadline set for $2 bln northern Vietnam LNG power plant
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Six miles and beyond: Vietnam draft law sets offshore boundary
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Trungnam Group eyes green energy development in Ninh Thuan province
