The worrisome situation of rising bad debts during the ongoing Covid-19 pandemic has affected several key industries.
Experts said a law on bad debt settlement should be put in place before two regulations expire in six months.
In 2022, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said that the main focus of monetary policy is directing capital flows into production and...
There are many reasons that lead to an increase in the tax debt of 2021 over the same period in 2020.
The Government has issued Resolution No. 01/NQ-CP on the main tasks and solutions for implementing the socio-economic development and State budget plans for 2022.
Speaking at a conference on reviewing the work in 2021 and deploying tasks for 2022 of the Department of Debt Management and External Finance, Deputy Minister of Finance...
Despite the negative impacts of the Covid-19 pandemic, the credit of the country economy in 2021 witnessed an increase of 13 percent compared to last year. The bad news...
Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.
9M21 average annualized credit cost and write-off rate were higher than the levels seen in 1H21. However, the average non-performing loan (NPL) ratio rose while the...
Many banks have been extended credit by the State Bank of Vietnam for the third time, ever since credit rebound sharply after the economy began to reopen. This move has...
There is a clear indication that bad debts are now increasing rapidly. This will lead commercial banks to face tremendous pressure as Resolution 42/2017/QH14 on bad debt...
According to a report by the Asset Management Company of Credit Institutions (VAMC), the Covid-19 pandemic not only negatively affected the business results of the...
Foreign currency bond is a type of government bond issued in the domestic market in freely convertible foreign currency under the scheme approved by the Prime Minister.
In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry...
The growth rates of the three big banks, namely Vietcombank, VietinBank, and BIDV, are still positive, but the bad debt performance of Vietcombank and VietinBank is...
A total of 4,304 companies resumed their operations in October, up 29.8 percent against September, and down 14.7 percent year-on-year, according to the General...
The Ministry of Finance has issued Circular 90/2021/TT-BTC providing instructions on accounting applicable to off-budget funds.
The General Department has issued a document to guide local customs departments on handling cars in warehouses under Decision 14/2021/QD-TTg of the Prime Minister on...
Banking stocks are currently not receiving the perceived response, despite the great expectation of investors. One needs to analyse the many reasons for the group of...
The move aims to help the country's banking sector resolve bad debts that need a debt market and qualified investors.
According to banking and finance expert Dr. Nguyen Tri Hieu, consumer loans are increasing, but are more risky than corporate loans, so it is necessary to develop a form...
The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement.
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