Tags: bad debt

Banks step up bad debt resolution

Banks step up bad debt resolution

Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impact of the COVID-19 pandemic.

Ministry of Transport proposes increasing BOT toll fees

Ministry of Transport proposes increasing BOT toll fees

The Ministry of Transport has recently proposed the Government to consider and approve the option of increasing BOT toll fees in order to remove difficulties for the investors who suffered revenue losses.

SeABank completes settlement of VAMC special bonds

SeABank completes settlement of VAMC special bonds

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.

Positive changes made to resolve bad debt

Positive changes made to resolve bad debt

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.

Bad debt handling to be audited

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Vietnam (SAV).

Bad debt ratio at 2.3% by end of 2017

Bad debt ratio at 2.3% by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.