New measures in force to accelerate handling of bad debts
15:50 | 15/09/2017 Finance - Banking
(VEN) - The banking sector is coordinating with ministries and other sectors to accelerate the settlement of bad debts as set out by the National Assembly (NA) in Resolution 42/2017/NQ-QH14 that went into effect on August 15. The resolution allows credit institutions and the Vietnam Asset Management Company (VAMC) to trade in bad debts openly at market prices.
SBV focuses on bank cross-ownership
16:00 | 06/09/2017 Finance - Banking
Under a State Bank of Viet Nam’s draft law, which revises the Law on Credit Institutions, cases of purchase, sale or transfer of shares with a value of 1 percent or more of the banks’ charter capital must have the SBV’s written approval before implementation.