Banks in Vietnam estimate large extraordinary revenues from debt recovery


A MSB teller counts money at a transaction office. MSB this year will record an extraordinary income growth from bad debt recovery and capital divestment. - Photo: msb.com.vn

HANOI: Some banks, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues worth up to trillions of Vietnamese dong from debt recovery this year.

In a recent report, Vietcombank Securities Company (VCBS) said Vietnam Maritime Commercial Joint Stock Bank (MSB) this year will record extraordinary income growth from bad debt recovery and capital divestment of its financial company TNEX Finance.

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Vietnam , Banks , large , extraordinary , revenues , debt recovery

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