VAMC to buy bad debts at market value

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VietnamPlus English 1 day(s) ago

VAMC to buy bad debts at market value

Starting 2016, the Vietnam Asset Management Company (VAMC) will mainly buy non-performing loans (NPLs) from credit institutions at market value and restrict using special bonds for the purchase.

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Death toll from capsized Philippine ferry rises to 41, divers halt search

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Báo Thanh Niên English 1 day(s) ago

Death toll from capsized Philippine ferry rises to 41, divers halt search

The death toll after a ferry capsized in the central Philippines rose to 41 on Friday when rescuers recovered three more bodies, but bad weather was hampering the search for another 12 people still missing, the coast guard and police said.

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Vietnam’s economic growth accelerates after dong devaluation

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Báo Thanh Niên English 1 week(s) ago

Vietnam’s economic growth quickened after the central bank devalued the dong for a second time this year in a bid to boost exports.

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Locals live with petrol-contaminated water in Quang Binh

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VietnamNet English 2 day(s) ago

Locals live with petrol-contaminated water in Quang Binh

VietNamNet Bridge - People have been living with petrol contaminated water for the last 40 years in Thu Thu and Kim Nai hamlets, An Ninh commune in Quang Ninh District in the central province of Quang Binh.

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BIDV increases charter capital after MHB merger

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VOV News English 2 day(s) ago 3 related news

BIDV increases charter capital after MHB merger

The bank for Development and Investment of Vietnam (BIDV) officially announced a 12% rise in its registered capital from VND28.11 trillion (US$1.30 billion) to VND31.48 trillion (US$1.44 billion).

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BIDV increases charter capital after MHB merger

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VietnamPlus English 2 day(s) ago 3 related news

BIDV increases charter capital after MHB merger

The Bank for Development and Investment of Vietnam (BIDV) officially announced a 12 percent rise in its registered capital from 28.11 trillion VND (1.30 billion USD) to 31.48 trillion VND (1.44 billion USD).

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BIDV increases charter capital to $1.44b after MHB merger

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VietnamNet English 2 day(s) ago 3 related news

BIDV increases charter capital to $1.44b after MHB merger

The bank for Development and Investment of Viet Nam (BIDV) officially announced a 12 per cent rise in its registered capital from VND28.11 trillion (US$1.30 billion) to VND31.48 trillion ($1.44 billion).

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BIDV increases charter capital to $1.44b after MHB merger

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Báo Đầu Tư English 2 day(s) ago 3 related news

BIDV increases charter capital to $1.44b after MHB merger

The bank for Development and Investment of Viet Nam (BIDV) officially announced a 12 per cent rise in its registered capital from VND28.11 trillion (US$1.30 billion) to VND31.48 trillion ($1.44 billion).

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Heat, bad work, big trucks decay major roads

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VietnamNet English 2 day(s) ago

Heat, bad work, big trucks decay major roads

VietNamNet Bridge – The bitumen surfaces of Highway 1 passing through Ninh Binh, Ha Tinh, Thua Thien-Hue, Khanh Hoa and Phu Yen provinces has subsided in many places because of the hot weather and overloaded vehicles.

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As banks increase lending to property sector, fear of bubble returns

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Báo Thanh Niên English 3 day(s) ago

As banks increase lending to property sector, fear of bubble returns

Many banks have stepped up lending to the housing sector amid a revival in the market, bringing uncomfortable reminders of the property bubble that burst not too long ago.

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Sacombank, Southern Bank unveil share swap ratio for merger

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VietnamNet English 3 day(s) ago 1 related news

Sacombank, Southern Bank unveil share swap ratio for merger

The share swap ratio in a merger deal between Saigon Thuong Tin Commercial Bank (Sacombank) and Southern Bank has been announced at 1:0.75, according to a merger scheme released on June 29.

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Major Vietnamese lender Sacombank set to expand after merger

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Báo Thanh Niên English 4 day(s) ago 1 related news

Major Vietnamese lender Sacombank set to expand after merger

The Sacombank's headquarters in Ho Chi Minh City. Photo credit: Saigon Times Online

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Legal clarity called for to stem tide of bad debts

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Báo Đầu Tư English 1 week(s) ago

Legal clarity called for to stem tide of bad debts

Without a specific set of laws ruling the handling of bad debts, both banks and the Vietnam Asset Management Company have their hands full trying to resolve a mountain of bad debts.

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Real estate market faces many challenges

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SaiGon GP English 1 week(s) ago

Real estate market faces many challenges

Real estate related laws such as revised Housing, Real Estate Trading, Investment and Enterprise Laws will take effect from July 1, creating a larger transparent and convenient legal framework for businesses. However experts have pointed out many things that should be done to practice the new policies effectively.

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SBV looks to drop bad debt below 3% by Sept

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VOV News English 1 week(s) ago 3 duplicate news

SBV looks to drop bad debt below 3% by Sept

-Governor of the State Bank of Vietnam Nguyen Van Binh has set a new target to bring down non-performing loans (NPLs) to less than 3% by September.

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