Credit quality of real estate sector continues to be controlled
PolicyMr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.
Loans to BOT infrastructure projects pose risks of bad debts: Governor
PolicyThe central bank warned commercial banks of this issue two years ago.
Banks boost sales of mortgaged assets to resolve bad debts
MarketMany banks are auctioning mortgaged assets, mainly real estate, worth trillions of VND to speed up the resolution of non-performing loans.
Sacombank sell two big real estate projects to deal with bad debts
InvestmentTo resolve bad debts, Sacombank has just decided to discount two real estate plots it previously put on sale by nearly VND1.812 trillion ($78.78 million).
