IFC and Welcome Financial Group (WFG) on June 27 launched a 60 million USD platform to address non-performing loans (NPLs) and enhance access to finance in Vietnam. This initiative will help defaulted borrowers rebuild creditworthiness.

HDBank has recently obtained the "Best Domestic Retail Bank" award by Asian Banking & Finance magazine, for the second consecutive year, for its impressive performance in the retail segment with modern products and services meeting the diverse needs of millions of local and foreign clients.

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.

Shares ended June 19 on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

Experts from the World Bank have made four key recommendations to resolve Vietnam’s problem of non-performing loans (NPLs).

The Vietnam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.

The Vietnam Asset Management Company (VAMC) has cut the applicable interest rates by 0.3 percent of the Vietnamese dong and the euro for non-performing loans (NPLs) purchased from credit institutions.