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State-owned bad debt buyer reports record profits

State-owned bad debt buyer reports record profits

State-owned debt buyer Vietnam Asset Management Company’s profits soared by 36% last year to VND165 billion (US$6.96 million), its highest ever.
Bad debts to return to 2017 high

Bad debts to return to 2017 high

Non-performing loans surge due to pandemic

Non-performing loans surge due to pandemic

Banks maintain profit growth but bad debts rise

Banks maintain profit growth but bad debts rise

Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the Covid-19 pandemic.
October 25, 2020 | 09:27 pm PT
State asset management firm plans $2.14 billion bad debt recovery

State asset management firm plans $2.14 billion bad debt recovery

The Vietnam Asset Management Company, set up to buy bad debts from commercial banks, plans to recover VND50 trillion ($2.14 billion) this year.
May 19, 2019 | 12:05 am PT
Central bank’s proposed clampdown on cash loans might hurt finance companies

Central bank’s proposed clampdown on cash loans might hurt finance companies

With the government seeking to clamp down on cash loans given by finance companies, there are fears their bottom lines might be hit.
April 8, 2019 | 11:27 pm PT
Sacombank largest seller to state-owned debt buyer

Sacombank largest seller to state-owned debt buyer

83 percent of bad debts the Vietnam Asset Management Company (VAMC) bought last year at market prices came from private lender Sacombank.
July 22, 2018 | 10:39 pm PT
Vietnam bank loans up 6.16 pct in 5 months

Vietnam bank loans up 6.16 pct in 5 months

Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.
June 11, 2018 | 01:59 am PT
Vietnam’s banking sector expects 44 pct surge in profits in 2017

Vietnam’s banking sector expects 44 pct surge in profits in 2017

Bad debts have gone down and the real estate market is warming up.
December 25, 2017 | 11:49 pm PT
Most banks in Vietnam expect profits up, bad debts stable this year

Most banks in Vietnam expect profits up, bad debts stable this year

Bad debt in Q2 and in the whole of this year would stay unchanged or dip slightly from Q1.
April 2, 2017 | 11:34 pm PT
Vietnam's central bank terminates tycoon's managing role in Sacombank

Vietnam's central bank terminates tycoon's managing role in Sacombank

The departure of the tycoon is part of the government's efforts to reshape the country's banking system.
February 24, 2017 | 08:19 pm PT
Vietnam's bad debt down to 2.9 pct in 2015

Vietnam's bad debt down to 2.9 pct in 2015

Bad debt within the Vietnamese banking system fell to 2.9 percent of outstanding loans at the end of 2015 from 3.7 percent a year before, according to the annual financial report released on March 14 by the government's National Financial Supervisory Commission.
March 16, 2016 | 01:19 am PT
 
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