Nova Credit partners with CRIF to launch first CIC credit report service for Filipinos in Hong Kong Nova Credit partners with CRIF to launch first CIC credit report service for Filipinos in Hong Kong

Banks Association proposes delaying debt repayment for bank clients

The Việt Nam Banks Association (VNBA) has sent a petition to the State Bank of Việt Nam (SBV), asking the body to consider extending the rescheduling for debt repayment, to support individuals and enterprises affected by the COVID-19 pandemic.

C.T Land looks to VND22 trillion revenue in 2021

Since its establishment in 1992, C.T Group has developed into a diversified business group, with its ecosystem covering five sectors – real estate, construction, finance, retail and tourism. Its affiliate C.T Land Joint Stock Company is in charge of the real estate sector.

Việt Nam’s credit registry coverage higher than world’s average

Việt Nam’s credit registry coverage increased to 59.6 per cent in 2020 from 41.8 per cent in 2015, said Đỗ Hoàng Phong, director of the Vietnam Credit Information Centre (CIC).

VN to soon have a debt exchange Establishing a debt exchange has been earmarked as a key task of the State-run Việt Nam Asset Management Company (VAMC) over the next five years, a good signal for the formation of long-waited debt trading floor to resolve bad debts..

How much did C.T Land lose?

In the post-Covid-19 period the economy has seen great volatility and many businesses have suffered heavy losses, while many property developers have taken out tens of billions of Vietnam Dong in outstanding loans.

State Bank proposes expanding VAMC's operation The State Bank of Việt Nam (SBV) proposes expanding The Việt Nam Asset Management Company (VAMC) operations, saying the agency should purchase and sell bad debts and assets of all sectors in the economy.

Financial infrastructure key to economic recovery in Asia-Pacific: APEC

As financial markets have increasingly become globalised, a more robust regional financial infrastructure network is needed to facilitate trade among APEC-member economies, ensuring economic recovery and inclusive growth in the Asia Pacific region after the pandemic ends, according to Qamar Saleem, the International Finance Corporation’s Asia-Pacific manager for Financial Institutions Group Advisory Services.

Debt analysis on C.T Group?

There have been numerous reports in the media that C.T Group has massive debts. But, as attested by the State Bank of Việt Nam’s Credit Information Centre, C.T Group is not only debt-free but has not had any debts in the last five years.

Loan dues extended to fight economic downturn

Credit growth rates of the banking sector in the first few four months of the year were lower than a year ago