Tag bad debt
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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.

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.  

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 | 08:08 pm GMT+7

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 | 04:05 pm GMT+7

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 | 03:20 pm GMT+7

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 30, 2018 | 11:27 am GMT+7

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 02, 2018 | 11:50 am GMT+7

Vietnam orders banks to tighten lending in stock, real estate markets

Lenders should avoid 'risky areas' and instead prioritize the manufacturing sector, the State Bank said.
January 25, 2018 | 04:50 pm GMT+7

Vietnam’s debt-collecting agency seizes skyscraper to cover $308 million loan

The Saigon One Tower has been abandoned since the housing crisis hit the city in 2011.
August 22, 2017 | 10:53 am GMT+7

Vietnam's banking cleanup efforts recoup 18 percent of toxic debts

The country may need $25 billion to clear toxic debts off bank books.
March 16, 2017 | 03:20 pm GMT+7

Vietnam takes stronger stance against banking reform evaders

Banking bigwigs are going to have to show how they got so rich in the first place.
January 26, 2017 | 09:43 am GMT+7

ADB willing to lend Vietnam a hand to clear toxic debts in banking system: PM

The regional development bank is considering a buy-out of a troubled bank in Vietnam.
December 09, 2016 | 07:02 pm GMT+7

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 | 04:51 pm GMT+7

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 | 03:45 pm GMT+7

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 | 03:00 pm GMT+7
 
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