Law needed to ensure banks can repossess collateral on bad debts
Without regulations allowing them to seize collateral under Resolution 42, banks may be afraid to grant credit, affecting the ability to access loans of firms and...
Without regulations allowing them to seize collateral under Resolution 42, banks may be afraid to grant credit, affecting the ability to access loans of firms and...
The financial capability and lending capacity of Vietnamese commercial banks have been considerably impacted by the difficulties of selling assets to collect debts.
Commercial banks must cut operating expenses, reduce administrative operations, and assist individuals and enterprises through methods such as fee reduction, interest...
Commercial banks have been facing difficulties in recovering bad debts as they were unable to find buyers for high-value collateral despite big discounts.
According to Dr. Nguyen Quoc Hung, General Secretary of the Vietnam Bankers Association (VNBA), 70% of collateral for loans at banks is real estate, if this market...
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.
When firms are in jeopardy, collateral trust bonds make it difficult to protect bondholders against the risks of bonds.
The Ministry of Finance stated that through management and supervision, it was able to show that the corporate bond market still has some potential risks, and needs to...
Vietnam should set tight rules to diminish the negative impact of corporate bond products, while constructing flexible regulations for bond issuance to effectively...