January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
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November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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October 21, 2011
The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy. “Beginning now, credit institutions need to [...]
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October 19, 2011
Bad debts at Vietnam’s banks have risen to 3.21 percent of outstanding loans at the end of August, from 3.04 percent a month earlier, a central bank report on Tuesday said. “Bad debt has been rising gradually every month so far this year,” the report said. Loans at the banks totaled VND2,389 trillion ($114.1 [...]
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September 24, 2011
Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]
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October 15, 2009
VietNamNet Bridge – Foreign banks are expanding their network to try to penetrate Vietnamese markets. In the latest report by the State Bank of Vietnam (SBV), Vietnam has 51 credit institutions, including five 100 percent foreign owned banks, 38 foreign bank branches, four finance companies and four finance leasing companies belonging to foreign banks. In [...]
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July 26, 2009
A construction site in Hanoi. The government will do its utmost to prevent a real estate bubble from inflating the way it did in 2007 as the local economy recovers from the global crisis, an official said. âWe will focus on monitoring secondary investors, especially in the high-grade housing market, because [speculation by them] could [...]
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July 24, 2009
VietNamNet Bridge – The satisfactory profit commercial banks got in the first half of the year (H1) has made people think that banks will have an easy six months ahead. However, difficulties are predicted for banks in the second half of the year. Banks have every reason to worry that the road will be tougher [...]
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July 22, 2009
The State Bank of Vietnam has announced the bad debt ratio of the banking system at 2.52 percent of total outstanding loans, an increase of 0.35 percent over the end of 2008. Should this be worrying? According to Le Xuan Nghia, Deputy Chairman of the National Committee for Finance Supervision, the announced bad debt ratio, [...]
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July 21, 2009
LookAtVietnam – Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State Bank of Viet Nam. Bad debt ratios throughout the credit system in the first half of the year were still also under [...]
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