Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Finance  >>   Vietnam Banks to help enterprises refinance debt
NEWS UPDATES Asean Affairs   16 April  2012

Vietnam Banks to help enterprises refinance debt

April 16, 2012

HCM CITY — The State Bank of Viet Nam (SBV) has asked commercial banks to reschedule enterprises' loans that they have not been able to pay back on time because of negative economic conditions.

The restructuring of loans will be done in accordance to Decision No 783/2005/QD-NHNN of the SBV Governor dated May 31, 2005.
Under this decision, commercial banks would have to restructure enterprises' repayment schedules based on their financial capacity, said Nguyen Thi Hong, director of the central banks' Monetary Policies Department.

Commercial banks would have to consider extending loans to borrowers currently unable to repay the principal or interest of their loans on schedule but are evaluated to have the ability to do so later, Hong told the Tuoi Tre newspaper.

The central bank has also required commercial banks to actively work with borrowers finding it difficult to repay loans so that they can access more credit and gradually restore, maintain and expand production and business.

This measure was aimed at helping commercial banks reduce bad debts and continue to extend new loans to solvent customers with effective plans and projects, she said.

The restructuring of repayment would only apply to enterprises in "temporary difficulties", she added.
The central bank would not accept credit organisations extending or suspending loans to help enterprises survive if such supporting activities violated legal regulations, Hong said.

Several bankers echoed Hong.

Do Minh Toan, general director of Asia Commercial Bank (ACB), said clients had to prove they could repay loans after they were restructured, but did not explain how the latter would do it.

General director Nguyen Phuoc Thanh of the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) also said his bank would likely extend the repayment period for borrowers that were facing many difficulties but required them to show the ability to restore and develop in the future.

In other words, Thanh said, the loan extension policy would apply only to enterprises that had clear and effective development plans.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    16  April   2012 Subsribe Now !
• Thaksin: “homecoming will occur this year” Subcribe: Asean Affairs Global Magazine
• ADB: Thai economy to grow 5.5%  Asean Affairs Premium

• Malaysia’s Asian Finance Bank turns around 

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Cameron : “Time to suspend some sanctions”
• Vietnam Banks to help enterprises refinance 
• Yunan of China sign trade deal with Cambodia



Asean Analysis                14  April   2012

Advertise Your Brand
• Asean Weekly ending April 13, 2012 Sponsor Our Events
• Asean Analysis- April 14, 2012  

Asean Stock Watch     16  April   2012 

• Asean Stock Watch-April 16, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand