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Banks see massive layoffs

Banks see massive layoffs

Faced with difficulties that are expected to linger, large western banks are slashing costs by downsizing their payrolls and increasing the use of artificial intelligence.
Economy not short of funds but cannot absorb them: legislators

Economy not short of funds but cannot absorb them: legislators

Certain banks allowing loans above limit

Certain banks allowing loans above limit

Bad debt on the rise at banks

Bad debt on the rise at banks

Bad debt ratios at Vietnam’s commercial banks rose dramatically in the first quarter of the year as the property and finance sectors continued to struggle.
May 26, 2023 | 06:30 am PT
Banks’ profits surge in Q1

Banks’ profits surge in Q1

Most banks grew their profits in double digits in the first quarter but asset quality worsened.
May 9, 2022 | 09:30 pm PT
ACB profit flat as expenses, bad debt provision jump

ACB profit flat as expenses, bad debt provision jump

Asia Commercial Joint Stock Bank said reported flat profits of VND2.6 trillion ($114.09 million) for Q3, as operating expenses and provision for bad debts rose sharply.
October 25, 2021 | 11:20 pm PT
SeABank offers shares below half the market price

SeABank offers shares below half the market price

Private lender SeABank is offering 136 million shares to existing shareholders at the price of VND15,000 (over $0.66), lower than market value in late August by 58 percent.
September 1, 2021 | 05:47 pm PT
2019 credit growth lowest in 5 years

2019 credit growth lowest in 5 years

Vietnam’s banking sector recorded a credit growth of 13.5 percent year-on-year in 2019, the lowest since 2014.
January 2, 2020 | 07:43 pm PT
Central bank says bad debts well under control

Central bank says bad debts well under control

The banking sector managed to keep its internal bad debts ratio below 3 percent at the end of Q1, according to the central bank.
May 24, 2019 | 01:19 am PT
Banks race to offload expensive property as bad debt buyback looms

Banks race to offload expensive property as bad debt buyback looms

Many banks are looking to sell mortgaged assets as they prepare to buy back bad debt from the state.  
May 5, 2019 | 06:00 pm PT
Three banks report plunge in profits

Three banks report plunge in profits

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. 
January 25, 2019 | 05:08 am PT
Vietnamese banks report Jan-Sept rise in bad debts

Vietnamese banks report Jan-Sept rise in bad debts

Thirteen of 17 listed banks have seen their bad debts rise in the first 9 months of this year, according to banks' financial reports.
November 13, 2018 | 01:05 am PT
Banks recover bad debts as collateral liquidation simplified

Banks recover bad debts as collateral liquidation simplified

Banks are selling hundreds of millions of US dollars worth of collaterals to recover debts.
September 21, 2018 | 12:20 am PT
Abandoned Saigon skyscraper to go under the hammer

Abandoned Saigon skyscraper to go under the hammer

The bare frame of tower has been left untouched since the housing crisis in 2011 when its investors fell into bad debt.
March 29, 2018 | 08:27 pm PT
Fitch upgrades Vietnamese banks’ ratings thanks to positive outlook

Fitch upgrades Vietnamese banks’ ratings thanks to positive outlook

The global rating agency has credited major banks for higher capital levels and asset quality improvement.
March 1, 2018 | 08:50 pm PT
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