bad debt

Another six months for debt restructuring but need to manage bad debt risks

09:37 | 12/07/2024 Finance

VCN - Circular 06 has allowed an extension of six months to implement the solution to restructure the debt repayment period and maintain the debt group according to Circular 02 until December 31, 2024.

Increasing bad debt, many banks cut risk provisions

09:08 | 02/06/2024 Finance

VCN - In the first quarter of 2024, the summary of financial statements of twenty eight banks listed on the market shows that the bad debt balance of twenty eight banks increased by 14.4% compared to the beginning of the year, contrary to the decreasing t

Concerns about bank credit quality as bad debt increases

11:01 | 11/11/2023 Import-Export

VCN - According to the newly released consolidated financial report, Vietcombank reported pre-tax profit for the first 9 months of 2023 of more than 29,550 billion VND, an increase of 18% over the same period last year.

The risk of bad debt increases, the bank proposes regulations on debt collection rights

10:24 | 30/07/2023 Finance

VCN - In a report at the recent banking industry review conference, Mr. Pham Duc An, Chairman of the Board of Directors of Bank for Agriculture and Rural Development (Agribank), said that the Bank had successfully developed and implemented a restructuring

Banking sector focuses on credit institution restructuring associated with bad debt settlement

15:10 | 29/06/2023 Finance

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

Ensuring the correct nature of bad debt when restructuring the repayment term

16:16 | 31/05/2023 Finance

VCN - The Governor of the State Bank (SBV) requested credit institutions to take strict measures to deal with units and individuals that are slow in deploying, deliberately causing difficulties in restructuring the repayment term and keeping group debt.

HCM City Customs: Applying several solutions to recover bad debt

10:43 | 14/04/2023 Customs

HCM City Customs Department has been applying many strong solutions to effectively enforce debt recovery to collect over VND 805 billion of tax debt in 2023.

Bad debt alarm of Real estate bond

09:04 | 10/04/2023 Finance

VCN - According to data from Credit Rating Company FiinRatings, as of March 17, 2023, there were 69 issuers with one or more outstanding bonds that were unable to meet their debt obligations with a total value of VND 94,430 billion, accounting for 8.15% o

Handling bonded debt by real estate will speed up the settlement of bad debt

13:43 | 27/03/2023 Finance

One of the most important points of Decree 08/2023/NĐ-CP amendments to some articles of decree prescribing the private placement and trading of privately placed corporate bonds is allowing swaps of bonded debt with real estate.

National Assembly member: exports have increased strongly but depend on FDI

10:03 | 10/06/2022 Import-Export

VCN - This enterprise cited, in 2021, the FDI sector contributed to 74% of total export turnover. This reflects that exports are heavily dependent on the foreign-invested economic sector, but it is also creating many potential uncertainties for the econom

Worries about potential bad debt in the future

10:55 | 02/06/2022 Finance

VCN - By the end of the first quarter of 2022, the bad debt ratio at many banks has tended to increase, while many forecasts have raised concerns that this problem will increase when the potential bad debt and bad debt from the restructured debt will disc