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Ho Chi Minh City
Tuesday, September 26, 2023
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bank

Bad debt worries

The State Bank of Vietnam (SBV) has recently sounded the alarm over the escalating volume of bad debt within the real estate sector, substantiated by specific figures. Despite reinforced loan loss provisions, commercial banks remain apprehensive about the downward trajectory of the real estate market and associated bond risks. Consequently, they are intensifying efforts to liquidate collateral assets, but encountering problems in the process. Resilience within the banking sector The semi-annual financial reports of 29 banks revealed a 34% surge in non-performing loans since the beginning of the year, reaching […]
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Banks dominate list of top profitable companies in Vietnam

HCMC – Banks make up a significant proportion in the overall and private enterprise categories, according to the PROFIT500 rankings released on September 8. PROFIT500,...

IFC pours US$100 million into SeABank

HCMC – International Finance Corporation (IFC) has injected US$100 million into SeABank, which trades its shares on the Hochiminh Stock Exchange under the code...

SeABank has new CEO

HCMC – Southeast Asia Commercial Joint Stock Bank, or SeABank, whose shares are traded on the HCMC Stock Exchange under the code SSB, has...

Individual depositors withdraw trillions of dong from banks

HCMC - Individuals have withdrawn trillions of dong of saving deposits from commercial banks, while deposits by corporate clients have increased, according to data...

Banks struggle to raise capital amid Covid-19

HCMC – In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most...

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