collateral

Credit institutions must declare and pay taxes before collateral settlement

09:17 | 03/06/2022 Regulations

VCN - If the taxpayer has not declared and paid enough tax to the customs authority, the credit institution must declare and fully pay tax, before collateral settlement.

The pandemic has "stagnated" VAMC's bad debt trading and handling activities

10:17 | 22/11/2021 Finance

The Covid-19 pandemic not only negatively affected the business results of the credit institution system, but also implementation as well as the results of trading and handling of bad debts at VAMC

Strengthening management and supervision of the corporate bond market

16:57 | 03/11/2021 Finance

The Ministry of Finance has directed the State Securities Commission to establish inspection teams at many securities companies to check the provision of services on corporate bonds.

Revising on-lending rate of ODA and foreign concessional loans to provincial People’s Committees

20:15 | 21/08/2021 Regulations

VCN – The Government issued Decree 79/2021 to revise some articles of Decree 97 dated June 30, 2018 on on-lending or ODA and foreign concessional loans.

State Bank wants to 'legalize' bad debt handling

20:04 | 14/08/2021 Finance

The State Bank of Vietnam (SBV) has officially proposed a Law on Handling Bad Debts of Credit Institutions (CIs), when the Covid-19 pandemic may increase bad debts

MoF responds to settlement of collateral of bad debts

08:44 | 27/03/2021 Finance

VCN - Related to the settlement of bad debts and collateral of bad debts of credit institutions, foreign bank branches and bad debt purchasers/managers, the Ministry of Finance has issued a written response to Ben Tre's elector on this issue.

Will banks be sanctioned for liquidating collateral subject to tax exemption?

09:07 | 02/01/2021 Finance

VCN - When banks liquidate collateral as raw materials for export without notifying the customs authority, will the enterprise or banks be sanctioned for administrative sanctions and pay tax?

Sharp decrease in price while banks still face difficulties in collateral liquidation

10:12 | 05/10/2019 Import-Export

Several amount of debts and collateral at banks have been advertised for sale but there is no buyer. This a common situation at many banks leading to difficulties in recovering bad debts.

Banks are struggling to sell collateral

10:57 | 08/06/2019 Finance

VCN - Collateral such as real estate and cars at banks are being offered for sale to speed up the recovery of bad debts.

Prime Minister direct to pilot settlement bad debts

15:36 | 29/07/2017 Finance

The Prime Minister has issued Directive No. 32 / CT-TTg dated 19/7/2017 to implement Resolution No. 42/2017 / QH14 of the National Assembly on piloting settlement bad debts of credit institutions.

Handling of collateral: Must be drastic

10:29 | 12/12/2016 Finance

VCN -The proportion of bad debt secured by collateral accounted for over 90% so it requires more drastic action, even a separate law in the near future.