Fitch Ratings has revised its outlook on Việt Nam’s long-term foreign and local currency issuer default ratings (IDR) to Positive from Stable and affirmed the ratings at "BB-."
The ratio of non-performing loans (NPLs) at banks in the first quarter of this year was varied, according to a daily report by Bảo Việt Securities Corp (BVSC).
After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.
The State Bank of Việt Nam plans to reduce the ratio of non-performing loans (NPLs) to below 3 per cent by 2020 under an action plan to implement a government resolution.
Vietnam International Bank’s (VIB) before-tax profit in 2016 was VNĐ702 billion (US$30.9 million), up 7 per cent year-on-year, the bank’s financial results released on Friday revealed.
All credit institutions will be subject to restructuring in the next few years, according to Nguyễn Văn Hưng, deputy chief inspector of the State Bank of Việt Nam (SBV).
More than 564.4 million shares of Vietnam International Bank (VIB) made their debut on the Unlisted Public Company Market (UPCoM) on Monday.
Fitch Ratings on Tuesday released a report forecasting that Vietnamese banks are set to improve gradually next year.
Credit should grow faster in the last quarter so that growth target of 18-20 per cent set for the year can be reached, National Financial Supervisory Commission (NFSC) experts suggested.
Việt Nam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, Moody’s Investors Service said on Wednesday.