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bad debt settlement
News updates related to bad debt settlement
Banking industry focuses on handling bad debt, improving credit quality
(Baonghean.vn) - The difficulties from bad debt and credit growth are being somewhat cooled down by the constantly decreasing interest rate level. In 2024, bad debt will continue to be of concern to Nghe An's banking industry and many solutions will be proactively proposed to deal with it.
Economy
Removing difficulties and obstacles in implementing credit for building new fishing vessels according to Decree No. 67 of the Government
(Baonghean.vn) - According to bank representatives, when lending to build new fishing vessels under Decree 67, many vessels operate inefficiently, including many steel-hulled fishing vessel owners who are unable to repay their debts. Commercial banks have discussed with departments, branches, localities and vessel owners, but have not yet found an effective solution.
Credit in 2018 will increase by 18 - 19%
The National Financial Supervisory Commission forecasts that in 2018, credit will continue to grow steadily, at a growth rate equivalent to the last 3 years, at about 18 - 19%.
Nghe An has 100 credit institutions in operation.
(Baonghean.vn) - Nghe An is considered a locality with a strong financial banking service system in the country.
45,000 billion VND of bad debt has been handled
Regarding bad debt handling, by the end of July 2017, the banking system estimated to have handled about 45,000 billion VND.
Prime Minister requests pilot implementation of bad debt handling
Documents guiding the implementation of the Resolution on bad debt must be issued before August 15, 2017, as requested by the Prime Minister.
The economy is about to have an additional 300,000 billion VND?
Immediately after the National Assembly passed the Resolution on bad debt settlement, banks (creditors) were excited and said that within the next 2 years, 50% of bad debt, equivalent to about 300,000 billion VND, will be settled and put back into the economy.
Delegate Nguyen Huu Cau: All cases of property seizure are recorded on camera.
June 12, 2017 21:59
(Baonghean.vn) - Speaking at the discussion session in the hall about the draft Resolution on handling bad debts of credit institutions, delegates of the National Assembly Delegation of Nghe An continued to have interesting opinions.
Colonel Nguyen Huu Cau: The law must be strict so there is no room for 'jungle' law.
June 7, 2017 15:09
(Baonghean.vn) - National Assembly delegates from Nghe An province said that the law must be strict and effective so that everyone can comply in resolving social relationships.
Nghe An National Assembly Delegate: Assigning the State Bank to regulate bad debt is not satisfactory
June 7, 2017 11:26
(Baonghean.vn) - Ms. Hoang Thi Thu Trang of the National Assembly delegation of Nghe An province said that the National Assembly's assignment of the State Bank to regulate bad debt while the banking industry enjoys this special mechanism is not satisfactory.
Delegates worry that the basis for handling bad debt may be abused.
May 26, 2017 20:50
(Baonghean.vn) – Participating in the discussion at the group on the Project Resolution on handling bad debts of credit institutions, there were 3 opinions from the National Assembly Delegation of Nghe An province expressing concerns about the basis for determining bad debt handling.
Government discusses institutional breakthrough to handle weak banks
April 12, 2017 00:07
Prime Minister Nguyen Xuan Phuc said that perfecting regulations and building separate laws on restructuring credit institutions and handling bad debts is very necessary and urgent.
Half a million billion dong of bad debt was 'cleared' in 4 years
December 6, 2016 19:39
Nearly half of the 500,000 billion VND of bad debt resolved since 2012 has been through debt sales, while the amount cleared through handling of collateral is less than 1%.
How to deal with wasteful and ineffective projects?
October 17, 2016 11:01
The Government needs to specifically report on plans to handle wasteful and ineffective investment projects that the public is concerned about.
Handling bad debt, freeing up economic resources
April 7, 2016 23:31
Bad debt not only causes a huge amount of capital to stagnate in commercial banks but also freezes the value of collateral assets equivalent to that capital. As long as bad debt is not thoroughly handled, the financial resources of the economy will remain "clogged". Therefore, thoroughly handling bad debt is the most important measure to unblock capital sources for current socio-economic development.
Bad debt settlement solution
November 5, 2015 12:37
(Baonghean) - Recently, the decision of the State Bank (SBV) to buy back 3 Joint Stock Commercial Banks (JSC) Construction Bank (VNCB), Global Petroleum Bank (GP Bank) and Ocean Bank at the price of 0 VND is attracting the attention of managers, executives, experts and public opinion. This is a sign that the time has come to find a solution to the problem of "bad debt" in banks. The reporter had an interview with Dr. Truong Van Phuoc, Vice Chairman of the National Financial Supervisory Committee to learn about the specific solution.
Establishment of an inter-sectoral Steering Committee on bad debt settlement
March 13, 2014 17:40
The Prime Minister has just signed a Decision to establish an Inter-sectoral Steering Committee to implement the Project "Restructuring the system of credit institutions in the 2011-2015 period" and the Project "Handling bad debts of the system of credit institutions."
Banks are prohibited from increasing salaries and bonuses if they have not made provisions to handle bad debts.
November 30, 2013 08:57
If banks have not restructured their debts and set aside enough provisions to handle bad debts, they will not be able to increase salaries or bonuses for their staff, managers, and executives. In addition, shareholders may not be able to receive dividends if they violate regulations.
Restricting the use of budget capital to handle bad debt
September 17, 2013 18:17
That is the affirmation of the State Bank (SBV) in information sent to the press this afternoon, September 16.
Agree to exempt both types of taxes for bad debt settlement companies
May 13, 2013 10:33
The National Assembly's Finance and Budget Committee, in its report examining two draft laws amending and supplementing a number of articles of the Law on Corporate Income Tax and the Law on Value Added Tax, agreed to exempt both of these taxes for the Vietnam Asset Management Company (VAMC).
What is the solution to bad debt?
August 13, 2012 11:08
Perhaps never before has the mass media mentioned so much about the issue of bad debt of banks as it does today. Bad debt is now not only a concern within the banking sector but has become a common concern of the country and the economy as the number of bad debt is increasing, with no end in sight…
Find solutions to bad debt
July 17, 2012 18:01
The problem of bad debt is the top concern of businesses and banks. How to handle bad debt and limit risks is a matter of concern today.
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