The Viet Nam Asset Management Company (VAMC) will take drastic measures to recover around VND33 trillion (US$2.6 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyen Tien Dong said.
The State Bank of Vietnam (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.
Japan’s Sumitomo Mitsui Trust Bank and Vietnam’s BIDV will join hands to expand a joint venture leasing business in Vietnam, according to Sumitomo Mitsui Trust Holdings’ latest press release.
The benchmark VN-Index retreated to 706.2 points in Monday morning trade, down 0.23 per cent from Friday’s close, on rising profit-taking selling after it reached a nine-year high last week.
HONG KONG: The dollar dipped on Thursday (Feb 16) in Asia as investors brushed off another record Wall Street close and upbeat US data while the rally in stock markets stuttered.
Despite geo-political uncertainties around the globe, the Vietnamese stock market is poised for strong growth this year thanks to a flurry of new listings and the government’s drive to develop the market. Bill Stoops, chief investment officer at Dragon Capital, shared his thoughts on the situation with VIR’s Nam Phuong.