Bad habits youtube

Editor’s Note: Stivi Cooke is an Australian expat based in Hoi An City in central Vietnam. He is working as an English language and hospitality teacher in the city. Bad habits in Vietnam huh? We could be here all day talking about this one! Hmm… Picking your nose in public? Especially if you work in a restaurant? Nah – that’s being covered. Men peeing in the street in full view of the public? Ha! Must have been mentioned before! Loud music? Throwing stuff on the floor in a Vietnamese restaurant? I really don’t know where to start… Oh, yes I do! Sticking to a plan! Time is a good example. I used to tell people to come to my office at 10:00 am, only to find myself waiting in total confusion for up to an hour and sometimes more. If I said 10:00 am – Vietnamese will leave their houses around 10-‘ish’ and turn up with ten minutes before lunch which starts at 11:30 am, depending on the road conditions, whether they’ve read and … [Read more...] about Vietnamese’s bad habits: Never sticking to the plan

The company will also buy up an additional VND4.5 trillion ($192.61 million) worth of bad debt with cash this year, and issue VND20 trillion ($856 million) worth of special bonds, according to its 2019 business plan published this week. VAMC has asked the government to inject an additional VND3 trillion ($128.4 million) in the company so that it has enough capital to buy up the planned amount of debt in the banking sector at market prices. The company, run by the central bank, had been buying up bad debt since 2013 to rescue banks from either bankruptcy or net losses in return for five-year bonds. Once these bonds mature, the banks will have to buy back any bad debt VAMC has failed to recover. The company said it will continue working with related ministries, localities and credit institutions to improve the banking sector’s legal framework and coordinate with relevant agencies in buying bad debts. In 2018, VAMC had bought 761 bad debts from 13 credit institutions with … [Read more...] about State asset management firm plans $2.14 billion bad debt recovery

Banks’ nine-month financial reports show that bad debts have increased compared with the beginning of the year, though the bad debt ratio has fallen. A report released at the conference on reviewing the two-year implementation of the National Assembly’s Resolution 42 on settling bad debts showed that from August 15, 2017, when Resolution 42 took effect, to August 31, 2019, credit institutions settled VND236.8 trillion worth of bad debts, which means that VND9.6 trillion was settled a month, higher than the VND4.7 trillion a month in 2012-2017. Banks’ nine-month financial reports show that bad debts have increased compared with the beginning of the year, though the bad debt ratio has fallen. The bad debt in the balance sheet of Viet A Bank had reached VND481 billion by September 30, an increase of VND38 billion compared with the end of 2018. VIB has the bad debt ratio decreasing from 2.52 percent to 2.04 percent, but its value of bad debts increased by 4 … [Read more...] about Bad debt settlement in Vietnam process slowing down

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019. Sacombank headquarters in Ha Noi. Sacombank recovered bad debts worth more than VND11 trillion (US$472 million) in H1 2019.– Photo Sacombank According to a representative of Sacombank, the lender has recovered bad debts worth more than VND11 trillion (US$472 million) in the first half of the year, making a total of nearly VND35.7 trillion since it started restructuring bad debts two years ago. Sacombank is also selling properties as collateral in HCM City and other provinces to recover debts, including land belonging to the Bao Hung residential area project and two other plots in HCM City’s District 8. The lender has set the starting price for the assets at VND928 billion. It also plans to sell land use rights in the city’s Binh Chanh District with the starting price at more than VND1.3 trillion. In the southern … [Read more...] about Vietnam banks step up bad debt recovery in 2019

Five years after the Government issued Decree 67, which aimed at supporting fishermen to build bigger and more modern steel-hulled boats, the decree has hardly been a panacea for the country’s fishermen. Modern steel fishing boats left abandoned due to costly operation Ship owners in Quang Tri can’t find enough seamen Inspection ordered of substandard steel fishing boats Fishing boats in central provinces. — VNA/VNS Photo Le Huy Hai In 2015, Mai Thanh Phuc, a resident of Khanh Hoa Province, was happy to have his request for a bank loan of VND4.4 billion (US$172,000) approved in accordance with Decree 67. He believed he could easily return the loan in no time after investing in a modern composite-built fishing boat. Under Government Decree 67 dated July 7, 2014 on fisheries sector development policies, ship-owners building steel vessels with total main engine capacity of between 400CV and 800CV could borrow from commercial banks a sum of money that does not … [Read more...] about When a good policy turns into bad debts