bad debt

Central bank proposes new law on bad debt settlement

20:25 | 08/10/2021 Finance

The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement. The new law would be based on the provisions of Resolution 42/2017/QH14 to ease the work of settling bad debts.

Dr Le Xuan Nghia: Debt charge-off is not easy

09:17 | 04/09/2021 Finance

VCN- Bad debt is in danger of increasing rapidly. The complex developments of the Covid-19 pandemic make debt restructuring an ineffective solution, so both firms and banks want to charge off debts. However, this is not easy, even very difficult because o

Support package of VND26,000 billion: Loosening conditions, some businesses still have difficulties in access

09:30 | 03/08/2021 Import-Export

With a support package of VND26,000 billion, businesses can borrow loans at 0% interest rate at the Bank for Social Policies and do not have to guarantee the loan, to pay wages for workers

Credit limits may increase in 4Q

19:48 | 20/11/2020 Finance

VCN-SSI assessed the overall outlook for the banking sector is better than previously anticipated due to limited impact from Covid-19 second wave.

Banks step up bad debt resolution

20:37 | 01/07/2020 Finance

Some banks are speeding up the recovery of non performing loans NPLs this year despite the impacts of the COVID 19 pandemic

Some banks recall bad debts

09:39 | 26/04/2020 Finance

Most financial reports in 2019 of banks are unqualified opinion. However, there are still cases noting issues related to bad debts such as debt classification and provision.

Bad debt may not be too serious

09:13 | 07/03/2020 Import-Export

VCN- In 2019, the bad debt volume of the credit system has decreased because the banking industry has introduced many solutions so far to handle the bad debt effectively.

Banks obtain big interest, but dividends still difficult

13:41 | 16/01/2020 Import-Export

VCN- Speaking at the conference, Mr. Nguyen Hoang Minh, Deputy Director of Ho Chi Minh City State Bank, said that in 2020, banking operations will continue to be stable and grow in both size and efficiency.

Handling bad debt from overlapping regulations

11:38 | 02/11/2019 Finance

After two years of implementing Resolution 42/2017/QH14, there were still many overlapping regulations and inactive cooperation between management agencies and local authorities

Positive changes made to resolve bad debt

19:54 | 22/10/2019 Finance

The banking sector had made considerable headway into settling bad debt restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry

Why do real estate businesses owe high taxes?

19:55 | 08/10/2019 Import-Export

VCN- Ho Chi Minh City Department of Taxation has just released a list of 1,144 debt-owing businesses, with a total debt of VND2,171.5 billion, of which hundreds of businesses owe billions intax debt.

Credit institutions recover US$251 million of bad debts each month

18:56 | 14/06/2019 Finance

Credit institutions have handled an average of VND5.8 trillion (US$251.52 million) per month since the implementation of a National Assembly resolution on the pilot settlement of bad debts began in August 2017, much higher than the figure recorded over th