Moody’s raises Vietnam credit rating

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VietnamNet English 2 day(s) ago

Moody’s raises Vietnam credit rating

VietNamNet Bridge – Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.

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Consumer confidence slips: report

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Báo Thanh Niên English 4 day(s) ago

Consumer confidence slips: report

The Vietnam Consumer Confidence Index has fallen to 135.6 points this month, down 5.3 percentage points compared to last month, according to the latest statistics released by ANZ and Roy Morgan.

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SBV orders tighter measures for bad debt management

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VietNam News English 4 day(s) ago 1 duplicate news 1 related news

The State Bank of Viet Nam (SBV) this week required its branches nationwide to adopt stricter, more comprehensive measures to accelerate progress in restructuring debt and resolving non-performing loans (NPLs).

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SOEs cop blame for public debt

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VietNam News English 5 day(s) ago

SOEs may cease to be the engine of the national economy if they don't speed up restructuring. Phung Duc Kien, National Assembly Deputy, tells Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).

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VAMC has bought bad debts worth $4.76 billion

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

VAMC has bought bad debts worth $4.76 billion

The Viet Nam Asset Management Company (VAMC) has bought more than VND100 trillion (US$4.76 billion) in bad debts so far.

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Moody’s raises Vietnam credit rating

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Báo Đầu Tư English 6 day(s) ago

Moody’s raises Vietnam credit rating

Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.

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DATC to get $146m infusion for tackling SOE bad debts

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VietNam News English 1 week(s) ago 1 duplicate news

Prime Minister Nguyen Tan Dung has agreed to give an additional VND3.1 trillion, or roughly US$146 million, to the Debt and Asset Trading Corporation (DATC) for the 2014-15 period.

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BUSINESS IN BRIEF 15/12

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VietnamNet English 1 week(s) ago 1 related news

Eleven outstanding banks of standard international payment honoured

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HCM City charities donate unhealthy food to patients

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Báo Dân Trí English 1 week(s) ago

HCM City charities donate unhealthy food to patients

Doctors and patients at Cho Ray Hospital in HCM City have called for tighter controls over charity groups that provide food to poor patients after an incident in which rotten meals were served.

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Debt trading company increases charter capital

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VietnamPlus English 1 week(s) ago

The Prime Minister has approved the addition of 3.1 trillion VND (145.19 million USD) to charter capital of the Debt and Asset Trading Corporation ( DATC) in the period of 2014 – 2015.

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Scientists debate asbestos safety

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VietNam News English 1 week(s) ago

Scientists debate asbestos safety

Experts at a conference held in Ha Noi yesterday expressed different opinions on the safety of amianthus, a kind of asbestos that is widely used in many industries.

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Banks change CEOs while crossing the stream

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VietnamNet English 1 week(s) ago

VietNamNet Bridge – Commercial banks have seen significant changes in leadership regularly over the last two years.

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Breaking impasse in tackling bad debts

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Báo Đầu Tư English 1 week(s) ago

Breaking impasse in tackling bad debts

There is widespread belief that state-owned bad debt buyer Vietnam Asset Management Company (VAMC) needs to quicken the sale of bad debts it has bought from banks. Member of National Assembly Economic Committee Tran Du Lich shares his view on what obstructions VAMC has faced in its efforts to resolve bad debts.

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Local banks continue to cut interest rates

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VietnamPlus English 2 week(s) ago 2 related news

The total outstanding loans of Vietnam-based credit institutions increased by 10.22 percent in the first 11 months of 2014 over that of end-2013.

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New expressway bad for Hanoi-Lao Cai rail line

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Báo Dân Trí English 2 week(s) ago

New expressway bad for Hanoi-Lao Cai rail line

The newly-built Noi Bai-Lao Cai Expressway offers a convenient route for travelers, but is also causing a sharp fall in ticket sales for the Hanoi-Lao Cai train route.

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