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
Opening market to foreign investors key to NPLs in Vietnam: IFC
Vietnam should promptly open the non-performing loan gate to international investors as the country does not have sufficient resources to solve NPL problems, an International Finance Corporation (IFC) official said Wednesday.
Economy - 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
NPLs at Vietnam banks surge amid tough economic outlook
Non-performing loans (NPLs) at Vietnamese banks expanded in the first quarter of this year, while the slowing economy continued to face challenges amid prolonged global headwinds.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading Vietnamese retail bank VIB assures loan security: chairman
Vietnam International Bank (VIB), one of the country’s major retail banks, provides secure loans despite domestic and global headwinds, and will beef up its charter capital to further drive its strong growth, chairman Dang Khac Vy said Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Why Vietnamese property developers are facing low liquidity amid strong housing demand
VinaCapital’s chief economist Michael Kokalari gives his insights into liquidity issues as a burden to Vietnamese real estate developers despite strong demand for new housing.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Collectius makes $800 mln non-performing loan purchase in Vietnam
Collectius, a debt restructuring partner for financial institutions across Southeast Asia, has acquired more than $800 million in non-performing loans (NPLs) from a Vietnam-based commercial bank.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
