VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamNet English 7 day(s) ago 2 related news

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamPlus English 7 day(s) ago 2 related news

VAMC buys nearly 60 trillion VND worth of bad debts

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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Philippines’ forex reserves highest in August

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VietnamPlus English 1 week(s) ago

The Philippines’ gross international reserves (GIR) expanded to 80.79 billion USD in August, the highest since December 2013, according to the local central bank (BSP).

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Banks iron out post-merger teething issues

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VietNam News English 2 week(s) ago

Banks iron out post-merger teething issues

The new Saigon Commercial Bank (SCB), formed by its 2012 merger with two other joint stock banks, Viet Nam Tin Nghia and De Nhat, is turning things around after a difficult start.

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Credit growth projected at 4.5% in first eight months

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VOV News English 2 week(s) ago 2 related news

Credit growth projected at 4.5% in first eight months

Vietnam's credit is expected to grow by 4.5% and its deposits, by 8.21%, by late August, according to the State Bank of Vietnam.

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Credit growth projected at 4.5% in first eight months

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VietNam News English 2 week(s) ago 2 related news

Viet Nam's credit is expected to grow by 4.5 per cent and its deposits, by 8.21 per cent, by late August, according to the State Bank of Viet Nam.

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SBV battles to control bad debts

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VietNam News English 2 week(s) ago 2 duplicate news

Total funds provided to cover any risk reached VND77.3 trillion (US$3.6 billion) by the end of June, up 10.9 per cent over the 2013-end figure. If the funds are put to use, the entire bad debt ratio will fall to 2.2 per cent.

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Banks lower deposit rates en mass

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Báo Dân Trí English 3 week(s) ago 1 related news

Banks lower deposit rates en mass

Several large Vietnamese banks have decided to lower deposit interest rates by 0.1-0.5% for VND accounts for the last months of 2014.

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Credit growth slow in Ha Noi

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VietNam News English 3 week(s) ago 1 related news

Credit growth slow in Ha Noi

The outstanding loans of credit institutions in Ha Noi totalled about VND918 billion, or US$43.71 million, in August.

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Techcombank before tax earnings up 45%

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VietNam News English 1 month(s) ago

The Viet Nam Technological and Commercial Joint-stock Bank (Techcombank) posted pre-tax earnings of VND948 billion (US$45 million) in the first half, up 45.4 per cent compared to the same period last year and 80 per cent of its goal.

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Banks forecast improved financial performance

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VietnamPlus English 1 month(s) ago 1 related news

Nearly 94 percent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector.

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Survey points to banking growth despite bad debt

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VietNam News English 1 month(s) ago 1 duplicate news 1 related news

Nearly 94 per cent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector.

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Bank credit up 3.68 percent in seven months

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VietnamPlus English 1 month(s) ago

Vietnam’s banking system had by the end of July registered a credit growth of 3.68 percent compared to the end of 2013 while the total means of payment rose 7.36 percent, according to the State Bank of Vietnam.

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SBV limits non-VND term deposits to local citizens

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Báo Đầu Tư English 1 month(s) ago

SBV limits non-VND term deposits to local citizens

In an effort to tighten management on foreign currency, on August 1 the State Bank of Vietnam issued Circular 16/2014/TT-NHNN regarding the use of current accounts in foreign currency by residents and non-residents at permitted banks and the use of VND current accounts by non-residents and foreign individual residents.

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Economic recovery forecast to boost stock market

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VietnamPlus English 1 month(s) ago 1 related news

Vietnam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities.

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