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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January 11, 2012
An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts. Economist Nguyen Tri Hieu said there will be a strong M&A wave in the sector as many lenders are looking for [...]
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December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
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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 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 2, 2009
Bad debts at Vietnamese banks âcurrentlyâ stand at 3 percent of total outstanding loans, compared with 2.5 percent this time last year, Thoi Bao Kinh Te Vietnam newspaper reported. The report, citing Le Xuan Nghia, vice chairman of the National Financial Supervision Commission, didnât give an exact date for the calculation of the bad debt [...]
Tags: Bad Debts, percent, Thoi Bao
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August 23, 2009
Despite turning impressive profits, many state corporations could make their capital work harder. LookAtVietnam – State-owned corporations’ capital usage efficiency has sparked National Assembly Standing Committee concerns despite their reported profitability. According to the Standing Committee’s monitoring report released last week, state-owned corporations and business groups are increasingly displaying business efficiency. The number of corporations [...]
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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 15, 2009
Foreign experience in management of bad debts; Vietcombank – Vietnam’s best bank for trade finance; Prime HCM City real estate waits on investors; Japanese firm inks 2.5 million USD design contract The Vietnam Banks Association (VBA) in coordination with the Grant Thornton Vietnam company on July 14 organised a seminar on foreign experiences in the [...]
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