Bank defaults seen as dark side of deposit vows

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Báo Thanh Niên English 4 day(s) ago

Bank defaults seen as dark side of deposit vows

Li Keqiang, China's premier, waves to attendees at the Boao Forum for Asia in Boao, Hainan, China.

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Banks still bear risks even after selling debts to VAMC

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VietnamNet English 1 week(s) ago 2 related news

Banks still bear risks even after selling debts to VAMC

VietNamNet Bridge – International institutions are remaining doubtful about the ability of the Vietnam Asset Management Company (VAMC) to settle bad debts.

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Moody's: Firmer macroeconomic stability supports Vietnam's sovereign rating

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VietStock FI English 4 month(s) ago

Moody's: Firmer macroeconomic stability supports Vietnam's sovereign rating

In a report published today, Moody's Investors Service says that the stable outlook on Vietnam's B2 government bond rating reflects a firming of macroeconomic settings and initial progress on the restructuring of the banking system.

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Moody's affirms Vietinbank's ratings, rises its Standalone Credit Assessment

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VietStock FI English 12 month(s) ago

Moody's affirms Vietinbank's ratings, rises its Standalone Credit Assessment

Moody's Investors Service has affirmed the debt and deposit ratings of Vietnam Bank for Industry and Trade (VietinBank) of B2 in local currency and B3 in foreign currency.

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Qantas to cut 5,000 jobs after A$252m half-year loss

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VietnamNet English 2 month(s) ago 1 related news

Qantas to cut 5,000 jobs after A$252m half-year loss

Struggling airline Qantas has announced plans to cut 5,000 jobs, after reporting a heavy financial loss.

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SBV reaffirms 3.63% NPL ratio, countering Moody's valuation

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VietnamNet English 2 month(s) ago

SBV reaffirms 3.63% NPL ratio, countering Moody's valuation

VietNamNet Bridge – The State Bank of Viet Nam (SBV), countering Moody's valuation this week, reaffirmed (Feb 21) that the bad debt ratio of the banking system was 3.63 per cent last December.

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Central bank admits higher bad debt ratio

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SaigonTimes English 2 month(s) ago

Central bank admits higher bad debt ratio

HCMC – After Moody’s recently issued a report on Vietnam’s banking sector prospects for this year, the central bank has released a new bad debt ratio which is four percentage points higher than what was announced earlier.

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NPL cancer grows, profits hit

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Báo Đầu Tư English 2 month(s) ago

NPL cancer grows, profits hit

High non-performing loan ratios are continuing to cause expenses for banks as they are forced to invest in provisions. Larger banks particularly are finding it difficult to both battle bad debt and achieve profits.

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Vietnam says bad debt at 9 pct, below Moody's estimate

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Báo Thanh Niên English 2 month(s) ago 4 related news

Vietnam says bad debt at 9 pct, below Moody's estimate

Bad debt in Vietnam is expected to account for about 9 percent of total loans, after careful calculations, below the 15 percent ratio estimated by Moody's Investors Service, the central bank said in a statement.

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Bad debt ratio in Vietnam banks not as high as Moody's rating

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Báo Tuổi Trẻ English 2 month(s) ago 4 related news

Bad debt ratio in Vietnam banks not as high as Moody's rating

The non performing loan (NPL) ratio in the local banking system is not as high as the 15 percent rate recently reported by US-based credit rating agency Moody’s, said the State Bank of Vietnam (SBV) on Saturday.

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SBV refutes Moody’s assessment of bad debt in Vietnam

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Báo Dân Trí English 2 month(s) ago

SBV refutes Moody’s assessment of bad debt in Vietnam

According to Moody's, bad debt in the Vietnamese banking system accounts for at least 15% of its total assets, an assessment the State Bank of Vietnam (SBV) denies.

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Central bank refutes Moody’s NPL report

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VOV News English 2 month(s) ago 4 related news

Central bank refutes Moody’s NPL report

(VOV) - The State Bank of Vietnam (SBV) on February 21 confirmed in a press release that the non-performing loan ratio of the country’s banking system is not as high as recent Moody’s report stated.

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SBV reaffirms 3.63% NPL ratio, countering Moody's valuation

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VietNam News English 2 month(s) ago 4 related news

The State Bank of Viet Nam (SBV), countering Moody's valuation this week, yesterday reaffirmed that the bad debt ratio of the banking system was 3.63 per cent last December.

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Apple to debut iTunes Festival in US at SXSW

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Báo Đầu Tư English 2 month(s) ago

Apple to debut iTunes Festival in US at SXSW

Apple will stage its first iTunes Festival during South by Southwest (SXSW) in Texas next month, with Coldplay, Imagine Dragons and Pitbull set to appear.

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Moody's remains unmoved over VN banking outlook

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VietNam News English 2 month(s) ago 4 related news

Moody's Investors Services maintained its negative outlook on Viet Nam's banking system, where the problem assets ratio comprises at least 15 per cent of total assets.

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