Overdue debts touch $2.9 billion

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VietNam News English 14 hour(s) ago 1 related news

Overdue debts at credit institutions in Ha Noi reached VND61.3 trillion (US$2.9 billion), or 6.72 per cent of the total outstanding loans, by the end of August, Hanoimoi online reported.

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Vung Tau creates new master plan

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VietNam News English 1 day(s) ago

By 2020, the southern coastal city of Vung Tau is expected to have a total population of 500,000 in five separate city sections, according to the latest master plan for the area.

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HCMC bank credit growth scrutinised

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Báo Đầu Tư English 2 day(s) ago

HCMC bank credit growth scrutinised

Deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh sheds some light on the city’s banking performance so far this year and what measures the authority has applied to help firms more easily access credit.

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Viet Nam mulls swapping sovereign bonds with debts for the third time

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

Viet Nam is considering issuing US$1 billion in sovereign bonds for the third time to swap with debts that are becoming due next year. But the proposal still needs to be evaluated based on potential cost, use of national resources for commercial purposes and debt payment capacity.

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Vietnam’s bond yield at record low on economic optimism: Fitch

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Báo Thanh Niên English 5 day(s) ago 1 related news

Vietnam’s bond yield at record low on economic optimism: Fitch

Vietnam’s bonds rallied, driving five-year yields to a record low, as signs of an improving economy buoyed demand for government debt and Fitch Ratings indicated the country is on course for a credit upgrade.

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Vietnam sentences Aussie to 15 years for drug smuggling attempt

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Báo Thanh Niên English 5 day(s) ago 1 related news

Vietnam sentences Aussie to 15 years for drug smuggling attempt

A Ho Chi Minh City court on Wednesday sentenced an Australian national to 15 years in jail for attempting to smuggle nearly 900 grams of narcotics out of the country last year.

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Drug smuggling Australian sentenced to 15 years

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Báo Dân Trí English 5 day(s) ago

Drug smuggling Australian sentenced to 15 years

Australian national De Santos Kevin William was sentenced to 15 years in prison on September 10 after trying to smuggle 885.1093 grams of methamphetamine from Vietnam to Australia.

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VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamNet English 5 day(s) ago 2 related news

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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VAMC buys nearly 60 trillion VND worth of bad debts

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VietnamPlus English 6 day(s) ago 2 related news

VAMC buys nearly 60 trillion VND worth of bad debts

The Vietnam Assets Management Company (VAMC) has purchased 59.5 trillion VND (2.83 billion USD) worth of bad debts from 35 credit institutions by September 1, said Nguyen Quoc Hung – Chairman of VAMC’s member-board.

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Weak domestic consumption threatens Vietnam's GDP growth

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Báo Thanh Niên English 6 day(s) ago

Weak domestic consumption threatens Vietnam's GDP growth

If Vietnam does not take effective measures to boost domestic demand, growth will only reach 5.6-5.7 percent this year, according to the National Financial Supervisory Commission (NFSC).

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Techcombank eyes sale of $33.8m in bad debts

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VietNam News English 7 day(s) ago

The joint-stock Techcombank has been using all channels to improve its bad debt problem, and has sold VND800 billion (US$33.8 million) to the Vietnam Asset Management Company (VAMC) this year, according to a bank official.

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Purchases of goods between SOEs a drag on market economy

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VietnamNet English 1 week(s) ago

Purchases of goods between SOEs a drag on market economy

VietNamNet Bridge – State-owned enterprises (SOEs) for the past two years have helped each other by buying each other’s goods worth VND71 trillion, but financial experts believe this is not the solution to their problems.

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“Zombie banks” exist as State Bank prevents them from going bankrupt

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VietnamNet English 1 week(s) ago

“Zombie banks” exist as State Bank prevents them from going bankrupt

VietNamNet Bridge – Vietnam has not allowed banks to go bankrupt, leaving many virtually dead banks, or as some people call them, “zombies”.

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Vinalines to use proceeds from subsidiaries’ IPOs to restructure debt

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VietnamNet English 1 week(s) ago

Vinalines to use proceeds from subsidiaries’ IPOs to restructure debt

VietNamNet Bridge - The government has allowed the Vietnam Shipping Lines Corporation (Vinalines) to use proceeds from the IPO (initial public offering) of its subsidiaries to restructure debt.

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Indonesian 10-year susuk attract investors

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VietnamPlus English 1 week(s) ago

Indonesian 10-year susuk attract investors

The Indonesian government on September 3 issued 10-year susuk (Islamic bonds) valued at 1.5 billion USD, setting a new record on Islamic bonds in Southeast Asia.

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