Dealing with SOEs’ bad debts: goals clear, the path unfound

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VietnamNet English 15 month(s) ago

Dealing with SOEs’ bad debts: goals clear, the path unfound

VietNamNet Bridge – Under the plan to restructure state owned enterprises (SOEs), the enterprises’ bad debts need to be settled completely by 2015. The Ministry of Finance’s Debts and Assets Trading Company (DATC) will play an important role in dealing with the bad debts.

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Banks don’t want to sell bad debts?

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VietnamNet English 2 month(s) ago

Banks don’t want to sell bad debts?

VietNamNet Bridge – A lot of banks would try to conceal their bad debt situation and would not sell the bad debts to the VAMC, a company to be set up by the State to help banks escape from unrecovered debts.

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The “godfathers” burdened with huge debts

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VietnamNet English 3 month(s) ago 1 related news

The “godfathers” burdened with huge debts

VietNamNet Bridge – The year of dragon, the bad year for many Vietnamese businessmen is over. However, the debts still exist, and the big tycoons still have to manage to earn money to pay debts.

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Financial leasing firms struggle to reclaim debts

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Báo Dân Trí English 8 month(s) ago

Despite facing the highest rates of bad debts among credit institutions, it is by no mean easy for financial leasing firms to reclaim debts. Vietnam Financial Leasing Association general secretary Dam Duc Long sheds some light on the issue.

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Financial leasing firms struggle to reclaim debts

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Báo Đầu Tư English 8 month(s) ago

Financial leasing firms struggle to reclaim debts

Despite facing the highest rates of bad debts among credit institutions, it is by no mean easy for financial leasing firms to reclaim debts. Vietnam Financial Leasing Association general secretary Dam Duc Long sheds some light on the issue.

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Banks’ bad debts to real estate sector worse than initially reported

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VietnamNet English 11 month(s) ago 2 related news

Banks’ bad debts to real estate sector worse than initially reported

VietNamNet Bridge – The unexpected report about the banks’ bad debts to the real estate sector has been released by the National Finance Supervision Council, which shows that the actual bad debts are much higher than the figures announced before by government agencies.

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Vietnam's bad debts at 4.14 pct as of end-April: report

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Báo Tuổi Trẻ English 12 month(s) ago 1 duplicate news 2 related news

Vietnam's bad debts at 4.14 pct as of end-April: report

Bad debts in Vietnam's banking system rose to 4.14 percent of total loans as of April as economic difficulties prevented businesses from settling debts and getting new loans, a state-run newspaper said on Tuesday.

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Owing money right and left, a lot of businesses flee

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VietStock FI English 14 month(s) ago 2 related news

A lot of businesses have to borrow money on the black market at exorbitant high interest rates to pay their due debts. However, debts generate bigger debts, and businesses have been caught in a vicious circle.

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Owing money right and left, a lot of businesses flee

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VietnamNet English 14 month(s) ago 2 related news

Owing money right and left, a lot of businesses flee

VietNamNet Bridge – A lot of businesses have to borrow money on the black market at exorbitant high interest rates to pay their due debts. However, debts generate bigger debts, and businesses have been caught in a vicious circle.

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Banks weeping over the loans to steel manufacturers

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VietnamNet English 22 month(s) ago 1 related news

Banks weeping over the loans to steel manufacturers

VietNamNet Bridge – Steel manufacturers in Hai Phong City had still owed trillions of dong to commercial banks by the end of August 2011. The majority of the debts are the third, fourth and fifth group debts, i.e subprime and irrecoverable debts.

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Giant EVN trying to negotiate for a delay to pay its debts

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VietStock FI English 27 month(s) ago 1 related news

After PetroVietnam, the oil and gas group, and Vinacomin, the coal producer and supplier, released the information about the sums of money the Electricity of Vietnam (EVN) are owing to them, EVN has admitted to big debts, but said it still cannot pay the debts right now.

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Giant EVN trying to negotiate for a delay to pay its debts

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VietnamNet English 27 month(s) ago 1 related news

Giant EVN trying to negotiate for a delay to pay its debts

VietNamNet Bridge – After PetroVietnam, the oil and gas group, and Vinacomin, the coal producer and supplier, released the information about the sums of money the Electricity of Vietnam (EVN) are owing to them, EVN has admitted to big debts, but said it still cannot pay the debts right now.

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State banks’ bad debts to be sold off

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Báo Đầu Tư English 36 month(s) ago

State banks’ bad debts to be sold off

Plans are afoot to sell state-owned banks’ bad debts to the Debts and Assets Trading Company, now run by the Ministry of Finance.

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Expert: with mismanagement, public debts will be a burden

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VietnamNet English 22 month(s) ago 1 related news

Expert: with mismanagement, public debts will be a burden

VietNamNet Bridge – Vietnam’s sovereign debts remain within the safety line. The most important thing for now is to control the debts, or the debts may become a heavy burden on the national economy and the whole society, Bui Kien Thanh, a well-known economist, told VietNamNet.

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Vietnam to pay $6.1 bln in public debts in 2013

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Báo Tuổi Trẻ English 2 week(s) ago 1 related news

The Vietnamese government must pay a total of VND126.8 trillion, or US$6.1 billion, worth of public debts this year, according to the directive approved by the Prime Minister on May 4, in regard to the public debt management program between 2013 and 2015.

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