Gov't urged to provide credit fund support

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VietNam News English 4 hour(s) ago

Gov't urged to provide credit fund support

The Government should enable people's credit funds to offer cheap credit services so that they can compete with commercial banks and develop sustainably, a conference heard on Thursday.

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Vietnam bonds lead region as Kokusai sees recovery

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Báo Thanh Niên English 1 day(s) ago

Vietnam bonds lead region as Kokusai sees recovery

Vietnam’s dollar bonds are beating their Southeast Asian peers as the region’s highest yields attract investors confident the government can revive an economy growing at the slowest pace in 13 years.

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Banks to sell non-performing loans

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VietnamPlus English 1 day(s) ago

Banks with non-performing loan (NPL) ratios of 3 percent or more will have to sell the loans to the Vietnam Asset Management Company (VAMC), a new group due to officially begin operations on July 9 this year, according to a newly-issued decree.

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BUSINESS IN BRIEF 24/5

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VietnamNet English 1 day(s) ago 1 related news

Revealing real estate tricks of the trade

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ADB supports water supply, road upgrade

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VietnamPlus English 2 day(s) ago

The State Bank of Vietnam on May 23 signed with the Asian Development Bank two agreements on loans and non-refundable aid worth a total 249 million USD to help Vietnam improve water supply services and upgrade roads.

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Regulations on asset management company issued

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Báo điện tử CP English 3 day(s) ago 1 duplicate news 2 related news

Regulations on asset management company issued

VGP – The PM has agreed to regulations on the setting up of an asset management company to address nearly US$5 billion non-performing loans and promote credit growth in the banking system.

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Plan to set up asset management firm announced

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Báo Đầu Tư English 2 day(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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Plan to set up asset management firm announced

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Báo Tuổi Trẻ English 2 day(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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Foreign ownership cap in local banks to rise

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SaigonTimes English 3 day(s) ago

Foreign ownership cap in local banks to rise

HCMC – Foreign investors can own stakes exceeding the prescribed limit in local banks, says a draft decree prepared by the State Bank of Vietnam (SBV).

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Vietnam premier approves debt asset company, central bank says

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Báo Thanh Niên English 4 day(s) ago 2 related news

Vietnamese Prime Minister Nguyen Tan Dung has approved a regulation to set up a debt asset management company to address bad loans in the country’s banking system, central bank Deputy Governor Le Minh Hung said today.

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A step towards bad debt settlement

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VOV News English 3 day(s) ago 1 related news

(VOV) - The Prime Minister has decided to establish the Vietnam Asset Management Company (VAMC) in an effort to settle bad debts that are hampering banking and business operations.

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NA tells Gov’t to prioritize growth

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SaigonTimes English 4 day(s) ago

HANOI – The National Assembly (NA) asked the Government to aim its policies at stimulating growth, while NA Chairman Nguyen Sinh Hung told the NA to join forces with the Government to ride out the tough times.

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VAMC to come online in Q2

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SaigonTimes English 4 day(s) ago

HCMC – The decree and project on establishment of the Vietnam Asset Management Company (VAMC) will be adopted quickly to ensure the enterprise starts operating in this quarter.

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Banking restructuring earns initial results: Govn’t

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Báo Tuổi Trẻ English 4 day(s) ago

Banking restructuring earns initial results: Govn’t

The national banking restructuring scheme has born initial fruits, said a newly released report from the Government

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BUSINESS IN BRIEF 21/5

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VietnamNet English 4 day(s) ago

Exports to India rise sharply

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