Vietnam’s banks to sell bad debt to asset management company

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Báo Thanh Niên English 6 day(s) ago

Vietnam’s banks to sell bad debt to asset management company

Vietnam will force banks to sell bad debt to a soon-to-be established asset management company, according to State Bank of Vietnam Chief Inspector Nguyen Huu Nghia, as the government steps up efforts to revive the economy.

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Economic restructuring not up to expectations

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VietnamNet English 2 week(s) ago 1 related news

Economic restructuring not up to expectations

VietNamNet Bridge – After a year of economic restructuring, Viet Nam still faces grave problems including high inventory, bad debt and falling purchasing power.

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Economic restructuring not up to expectations

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VietNam News English 2 week(s) ago 1 related news

Economic restructuring not up to expectations

After a year of economic restructuring, Viet Nam still faces grave problems including high inventory, bad debt and falling purchasing power.

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Cyber registration system online to get its act together

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Báo Đầu Tư English 3 week(s) ago

Cyber registration system online to get its act together

The online national business registration system, which allows enterprises to do business registration online and access trustworthy information of others, will be fully completed this year.

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Cyber registration system online to get its act together

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VietnamNet English 3 week(s) ago

Cyber registration system online to get its act together

VietNamNet Bridge – The online national business registration system, which allows enterprises to do business registration online and access trustworthy information of others, will be fully completed this year.

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Bad debt concern grows over new regulation

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Báo Tuổi Trẻ English 3 week(s) ago

Bad debt concern grows over new regulation

The State Bank of Vietnam has asked banks to classify their outstanding loans by June 1, a request insiders say will affect both the lenders and borrowers and increase concerns on nonperforming loans.

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Experts urge simplification of foreign ownership law

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Báo Tuổi Trẻ English 1 month(s) ago

Experts urge simplification of foreign ownership law

There is adequate supply of condo projects and apartments for foreign buyers, and loosening regulations on foreign housing ownership is necessary and helpful for the economy, real-estate insiders and experts have said.

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Credit remains a sticky question for banks

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Báo Đầu Tư English 2 month(s) ago

Credit remains a sticky question for banks

The State Bank might consider dividing banking system credit groups this year, but the growth cap might be unnecessary given soft credit growth.

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Conflicting data adds to market confusion

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Báo Đầu Tư English 3 month(s) ago

Conflicting data adds to market confusion

Conflicting figures on the real estate market from both government authorities and the private sector stirred debate last week.

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Over 15,460 businesses go bankrupt

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Hanoi Times English 5 month(s) ago

The Hanoitimes - More than 15,460 small and medium-sized enterprises (SMEs) have gone bankrupt since the beginning of 2012 according to the Ministry of Industry and Trade’s (MoIT) latest statistics.

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More companies closing down, curbing production

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VietNam News English 5 month(s) ago

The number of enterprises which dissolved or halted operations had reached 48,000 in the first 11 months and were anticipated to hit 55,000 by the end of this year, Deputy Minister of Planning and Investment Dang Huy Dong reported at an investment forum on Tuesday.

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Concerns grow despite increase in start-ups

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Nhân dân English 5 month(s) ago

Concerns grow despite increase in start-ups

Nhan Dan Online – Experts say they are still concerned about the Vietnamese economy although start-up companies have outnumbered those going out of business.

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Interest rates likely to go down

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Báo Dân Trí English 6 month(s) ago 1 related news

Interest rates likely to go down

Leading economists believe lending interest rates should be maintained at 11 percent per year, and preferential loans granted to private businesses.

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Deputies stress “rescuing” businesses as top priority

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Hanoi Times English 7 month(s) ago

The Hanoitimes - National Assembly (NA) deputies have emphasised the urgent need to remove difficulties for businesses, which serve as blood vessels to feed the economy, as they are weakening alarmingly.

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Deputies stress “rescuing” businesses as top priority

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Báo Tuổi Trẻ English 7 month(s) ago

Deputies stress “rescuing” businesses as top priority

National Assembly (NA) deputies have emphasised the urgent need to remove difficulties for businesses, which serve as blood vessels to feed the economy, as they are weakening alarmingly.

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