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Update news bad debt
EVN to ensure stable power supply; Plan hoped to boost Central Highlands’ development; Trans-Pacific Partnership in the eyes of domestic insiders; Transport sector focuses on BOT, BT, PPP investment; Business licensing faces reform
VietNamNet Bridge – Moody’s maintains the "negative" outlook on Vietnam's banking system. It also said that the non-performing loan ratio is much higher than the official figure of 4 percent reported by the State Bank of Vietnam in October 2013.
Though the assets offered for sale are plentiful, only few deals have been made.
VietNamNet Bridge – Credit rating firm Fitch has revised Vietnam’s credit outlook to Positive from Stable due to economic movements in the past time.
VietNamNet Bridge – Bank executives are mulling ways to achieve credit growth this year amid a continuing tough business climate.
VietNamNet Bridge - By the end of October, the Vietnam Assets Management Company (VAMC) purchased VND11 trillion of bad debts from 14 banks, despite the fact that more than 20 banks had lined up to sell about VND38 trillion of bad debts.
VietNamNet Bridge – The Viet Nam Asset Management Company will sign contracts this week to purchase more than VND1 trillion (US$47.6 million) in bad debts from Maritime Bank, Techcombank and Global PetroBank.
VietNamNet Bridge – Economic experts have urged the Government to take drastic measures against “cross ownership and manipulating ownership” in local banks to restore order in the country’s financial and banking sector.
Vingroup secures loan from international market; Ca Mau fishery sector moving towards sustainable exploitation; Dong Nai imports another 1,500 cows from Australia
VietNamNet Bridge – The offers to sell bad debts are coming in thick and fast after the Vietnam Asset Management Company (VAMC) started up and made the first deal with Agribank.
VietNamNet Bridge – The contract worth over VND1.7 trillion will be signed between the state-run Vietnam Assets Management Company (VAMC) with Agribank today, October 1.
Even though the State Bank has released the two important legal documents which guide the bad debt purchases, analysts still don’t think the Vietnam Asset Management Company would be useful for the debt settlement.
SBV releases more gold into market; Experts discuss re-structuring rice production, exports; Eight-month auto imports rise sharply; Ho Chi Minh City takes lead in FDI attraction
Vietnam's seaport system to be adjusted; Tra fish exports to EU down by 12.8 percent; Vietnam, RoK SMEs boost cooperation; Opportunities and challenges for farm exports
VietNamNet Bridge – A number of banks have unveiled real-estate loan packages targeting feasible property projects and mortgages to intensify credit growth.
HDBank acquires Société Générale VietFinance; HCM City prepares for sales promotion; Easing credit burdens on farmers; Banks recommit to credit risk management
CBU car imports down in July; Bloomberg highlights Vietnam’s edible bird spit industry; VietJet Air signs technical deal with German company; Footwear sector cashes in on bulk orders
VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) would officially begin activities from July 26 this year with the task of helping resolve bad debts and boost credit growth in Vietnam.
On the sidelines of the bad debt management training course co-organized by Business Development Institute and Swiss Asia Banking School, Le Xuan Nghia, head of BDI, talked to local media about the bad debt handling process in Vietnam.
Inquiry launched into tax-free car scam; Inquiry launched into tax-free car scam; Snail-paced projects revoked in Quang Ngai; Firms told not to rely on banks; Banks push bad debt reforms