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bad debt
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SBV targets to keep bad debt under 3 pct
The State Bank of Vietnam (SBV) has instructed credit institutions, including domestic and foreign commercial banks, to keep bad debt under 3 percent of outstanding loans.
China growth hopes reduce urgency of more stimulus steps, policy advisers say
China's leaders sound more confident that the world's second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014.
Vietnam to accelerate restructuring of banking system: Deputy PM
The State Bank of Vietnam (SBV) plans to step up efforts to restructure the banking system and clear bad debts through mergers and acquisitions of commercial banks, said Deputy Prime Minister Vuong Dinh Hue on Friday during a meeting with a central bank official.
April 22, 2016 | 06:44 pm PT
Vietnam to monitor financial system more closely: Deputy PM
The government’s National Financial Supervisory Commission (NFSC), which oversees financial and monetary policies, will develop a realiable database on the financial market and better monitor capital flows between credit institutions, securities companies and insurance businesses, said Deputy Prime Minister Vuong Dinh Hue on Monday.
April 26, 2016 | 01:15 am PT
Vietnam’s economic growth to expand 6.9 pct in 2016-2017: UN report
Vietnam’s economic growth is expected to grow 6.8 percent - 6.9 percent in 2016 and 2017 mainly on the back of continued consumer demand, said the United Nations on Thursday in its latest report for the Asia-Pacific region.
April 28, 2016 | 02:55 am PT
Vietnamese enterprises hit bank loan barriers
High rates and difficulties in loan access are the most typical problems that Vietnamese enterprises are facing, the Vietnam News Agency quoted the Vietnam Chamber of Commerce and Industry (VCCI) as saying at a meeting with the Prime Minister on April 29.
April 29, 2016 | 12:06 am PT
Vietnam to retain state control of enterprises in national security and defense
Vietnam is trying to accelerate share sales in state-owned enterprises (SOEs) that began in the 1990s as the government seeks to spur economic growth to 6.7 percent this year. However, it will retain control of critial lifeline industries including enterprises in national security and defense.
June 3, 2016 | 02:52 am PT
World Bank cuts 2016 global growth forecast
The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January due to sluggish growth in advanced economies, low commodity prices, weak global trade and diminishing capital flows.
June 8, 2016 | 02:09 am PT
Vietnamese central bank determined to keep bad debt ratio below 3 pct
The State Bank of Vietnam on Wednesday reaffirmed its commitment to keep the bad debt ratio at less than 3 percent of outstanding loans in 2016.
June 30, 2016 | 12:49 am PT
Vietnam shifts to domestic funding to finance public spending
With the country hitting middle-income status, overseas credit is drying up.
July 18, 2016 | 04:51 pm PT
Vietnam's bad debts under control, central bank says
The State Bank of Vietnam aims to bring down toxic debts in local lenders to below 3 percent of total outstanding loans this year.
October 8, 2016 | 12:00 am PT
Vietnam banks see 2016 credit growth at 21.8 percent: central bank survey
That would be higher than the central bank's target of between 18 and 20 percent for the year, and a sharp rise from last year.
October 10, 2016 | 07:59 pm PT
Vietnam's banking system needs $25 bln to clear off toxic debts
The country needs $25 billion to address bad debt, equivalent to 13 percent of the country’s gross domestic product in 2015, financial experts say.
October 13, 2016 | 12:00 am PT
HCMC's credit growth hits 4-year high in Jan-Sep
Low interest rates boosted lending to $63 billion in the first nine months.
October 17, 2016 | 12:45 am PT
Vietnam 'debt bank' finds itself struggling for funds
The government has only recouped 15 percent of the bad debt it's bought from troubled banks.
October 27, 2016 | 01:51 am PT
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