Bank bad debts forecast to remain under great pressure in 2024

Bank bad debts forecast to remain under great pressure in 2024

Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
Thailand’s long-term debt stable: Union Bank of Switzerland

Thailand’s long-term debt stable: Union Bank of Switzerland

The Union Bank of Switzerland (UBS) has rated Thailand’s long-term debt sustainability as stable, despite earlier concerns that it might face a downgrade in its credit rating if there were efforts to stimulate the economy through the 10,000 THB (271 USD) digital wallet scheme.
Asset quality crucial to banking sector

Asset quality crucial to banking sector

Tran Thi Khanh Hien, head of Research at MB Securities, delves into the factors impacting bank performances this year.
How bad debts influence lending rates

How bad debts influence lending rates

Last week the State Bank of Vietnam continued reducing diverse regulatory interest rates in a bid to help remove impediments for borrowers, as well as support credit institution efforts to drive down input costs, and from there be able to reduce lending r
Falling interest rates likely in H2

Falling interest rates likely in H2

Interest rates are likely to soften in the coming months, citing several factors in both the domestic and international markets.
Bad bank debts cast shadow over profit outlook

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth for Q1, with some even seeing negative growth, mostly due to a spike in bad debts.
Debt rates set to remain lower than planned limits

Debt rates set to remain lower than planned limits

With Vietnam’s borrowing plan revealed and budget landscape finalised for next year, Vietnam is expected to see its public debt stay within the permissible limit, ensuring financial security for the nation.
Banks post uplifting results despite underlying risks

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
Cost-cutting measures aid debt drop

Cost-cutting measures aid debt drop

Vietnam is witnessing a strong reduction in its public debt following its close control of the issue, with the government exercising a stringent policy on increasing revenues and reducing expenditures.
Major reform agenda key to control debt

Major reform agenda key to control debt

Vietnam is set to see a higher-than-expected budget deficit this year due to financial measures to support enterprises, but its public debt is projected to remain controlled.
Strengthened debt control underway

Strengthened debt control underway

In a bid to continue ensuring the country’s financial healthy situation, the National Assembly and the government have continued underscoring stringent management of the state budget as a solution to continue ensuring a safe public debt level.
Real estate progress hits credit curbs

Real estate progress hits credit curbs

With the movement to limit lending to the real estate sector along with the tightening of bond issuance, capital inflow into the real estate market is being congested.
Provision kinks leading to further study of bad debts

Provision kinks leading to further study of bad debts

New legislation governing Vietnamese credit institutions’ soured loans settlement would be studied after the fresh approval of bad debt settlement extension as pandemic-induced repercussions still impair banks’ financial soundness.
Debt trading interest creates call for new framework

Debt trading interest creates call for new framework

New legislation is needed to secure the future of debt trading – and with prudent tweaks to the current regime, Vietnam could open up the market for retail trading on its newest platform, bringing together banks and investors.
Perspectives on SBV’s debt rescheduling alterations

Perspectives on SBV’s debt rescheduling alterations

The current wave of COVID-19’s Delta variant has pushed the Vietnamese government into implementing strict social distancing measures and lockdowns, which also significantly impedes the domestic economy.
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