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High bad debt ratio continues troubling VPBank and Sacombank

While most credit institutions have made possible attempts to reduce their bad debt ratio to a safe level at below three per cent, VPBank and Sacombank remain cautious to be fairly high at 4.07 per cent and 3.74 per cent respectively.

Sacombank in tough battle against bad debt ratio

Sacombank's bad debt ratio was reduced to a little over three per cent, which is considered the safety limit, in less than two years.

Fitch upgrades rating for Vietnam citing it as the fastest amongst 'BB' rated peers

Fitch Ratings has upgraded Vietnam’s rating from "BB-" to "BB" proving the nation’s improvement on economic growth, foreign exchange reserves and government debt.

Acquiring PG Bank increases HDBank's expected profit up to over $200 million

Instead of VietinBank, HDBank is taking requisite steps to acquire PG Bank and the strategic deal is expected to finalize in this September after a merger request to be submitted to the State Bank in this month.

Merger of VietinBank and PG Bank comes a sad ending

An unknown future holds for PG Bank after the collapse of the merger between VietinBank and PG Bank.

Sacombank’s unique settlement for bad debts

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has sold collaterals for debt collection, but 90 per cent of this amount is deferred for seven years at an interest rate of 7.5 per cent per annum.

VPBank's profit ranked fourth, surpassing Agribank

VPBank's profit in 2017 surpassed Agribank and was only lower than that of Vietcombank, Vietinbank and BIDV.

VAMC assigned to deal with US$6.1-billion bad debts in 2018

The amount of bad debt that the Vietnam Asset Management Company (VAMC) has to deal with this year accounts for nearly half of the total bad debts VAMC has bought from banks.

Stock indexes
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