Banks to up capital by $1.6b

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Báo Đầu Tư English 3 day(s) ago

The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VNĐ37 trillion (US$1.62 billion).

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PetroVietnam set to lose $220mn on loss-making shipbuilder

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Báo Tuổi Trẻ English 4 day(s) ago

An investment of nearly US$225 million by state-run PetroVietnam, made to revitalize a struggling shipbuilder, is likely to become money down the drain as the loss-making firm is on the verge of bankruptcy.

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Shares slow down as banks lose steam

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Báo Đầu Tư English 4 day(s) ago

Shares declined on Tuesday after bank stocks, which had fueled market momentum in the previous session, tumbled unexpectedly as investors sought to earn from short margins.

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Gov’t determined to fix weak banks

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Báo điện tử CP English 6 day(s) ago 1 related news

VGP – The Government has drastically fixed weak banks and non-performing loans to ensure the safety of the banking system, Deputy PM Truong Hoa Binh told legislators on Monday.

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Bad debts at $7b until March 31

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Báo Đầu Tư English 5 day(s) ago 1 related news

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VND160 trillion (US$7 billion).

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NA action on debt pushes market up

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Báo Đầu Tư English 5 day(s) ago 1 related news

Shares advanced on Monday on strong support from the banking sector, following a new National Assembly resolution to resolve bad debt.

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More banks to repurchase bad debts from VAMC

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Báo Đầu Tư English 2 week(s) ago

After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.

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Besra banished from Bong Mieu gold mine

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Báo Đầu Tư English 2 week(s) ago

The authorities of the central province of Quang Nam said that they would not propose the Ministry of Natural Resources and Environment to license Bong Mieu Gold Mining Company Ltd. (BMGMC), a subsidiary of Canadian company Besra Gold Inc., to exploit Bong Mieu gold mine again.

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Orphan children struggle to stay alive

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Báo Dân Trí English 3 week(s) ago

Three brothers and sister in Ha Tinh Province are in need of help after they lost both parents and had to drop out of schools to support themselves.

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High rate of cancer cases leads to poverty

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Báo Dân Trí English 1 month(s) ago

75,000 people are dying from cancer every year and their families often face huge debts after their deaths.

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Government passes 2016-2018 debt management program

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Báo điện tử CP English 1 month(s) ago

VGP – The PM has ratified the 2016-2018 medium-term debt management program, targeting to keep public debt (government debt, government-guaranteed debt and local government debt) at no more than 65% of gross domestic product (GDP).

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Ministry petitions to cut lending interest rate for pig breeders

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SaiGon GP English 1 month(s) ago 1 related news

Lately, in its document, the Ministry of Agriculture and Rural Development asked to lower lending interest rate for pig breeders. The move comes after the price of live pigs kept falling in the southern province of Dong Nai.

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SBV to stop acquiring weak banks at zero Dong

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

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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Báo Đầu Tư English 1 month(s) ago 1 related news

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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Laws urgently needed for bad debt settlements: PM

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Báo Đầu Tư English 1 month(s) ago

Streamlining legal regulations and making a specific law on restructuring of credit institutions and settling bad debts are very necessary and must be done urgently, Prime Minister Nguyễn Xuân Phúc said.

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