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Substantial remittances to Vietnam in 2017 set new record in Global Top 10

Substantial remittances to Vietnam in 2017 set new record in Global Top 10

According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.

Bad debts at $7b until March 31

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VNĐ160 trillion (US$7 billion).

Banks increase service fees

Fees increase recently at certain banks, mostly those for online transactions.

BSR to sell shares, seek out experienced investors

Bình Sơn Refining and Petrochemical Company Limited (BSR), the operating and managing unit for the Dung Quất Refinery, has sent invitations to 15 domestic and foreign investment funds in preparation for its initial public offering (IPO) in the third quarter of 2017.

Non-stop ATM services over night

Severe complaints that many banks in Việt Nam have stopped providing ATM services at night have forced the State Bank of Việt Nam (SBV) to order all banks nationwide to provide ATM services 24/7.

Non-performing loans at banks vary

The ratio of non-performing loans (NPLs) at banks in the first quarter of this year was varied, according to a report by Bao Viet Securities Corp (BVSC).

More banks to repurchase bad debts from VAMC

After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.