Commercial banks are rushing to sell immovable properties which are collateral for unpaid debts. But finding buyers has been difficult.

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

Bankers anticipate that the coronavirus outbreak will affect the business of many of their clients.

Commercial banks are attempting to sell off a host of mortgaged assets, including real estate and cars, to speed up the settlement of huge bad debt.

Many banks are auctioning mortgaged assets, mainly real estate, worth trillions of Vietnamese dong to speed up the resolution of non-performing loans.

VietNamNet Bridge - The Vietnam Asset Management Company and commercial banks are offering to sell valuable real estate assets worth tens to hundreds of billion of dong each.

VietNamNet Bridge - Both Vietnamese and foreign investors say they are willing to buy assets linked to bank debts. 

VietNamNet Bridge - Enterprises in industrial zones (IZs) say they cannot borrow money from banks because of provisions stipulated in the 2013 Land Law.

Chasing for debtors is really a strained race that commercial banks have to use all of their mental power and material resources to obtain their goal.

VietNamNet Bridge – Machines, equipment, goods, real estate have all been advertised for sale by commercial banks to claim back their lent money. However, this proves to be a hard job.