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According to Phan Dinh Tue, a member of Sacombank’s board of directors, the handling of Mr. Tram Be’s stake will be decisive for controlling the bank’s bad debt ratio and for bringing Sacombank back to normal operations in line with regulatory requirements. The bank’s bad debt ratio is currently reported at 5.01%, which remains higher than expectations.
At Sacombank’s annual general meeting on 22 April, Mr. Tue said the bank has almost completed resolving outstanding financial liabilities and has fully provisioned for risks. However, he emphasized that the key bottleneck is the handling of the stake related to Mr. Tram Be, which is considered a crucial factor for completing the restructuring and returning to normal operations.
Mr. Tue noted that Sacombank has implemented many measures over the years to execute the restructuring plan approved by the State Bank. “To date, we have completed resolving the outstanding financial liabilities, and our provisions have reached 100%,” he said.
He added that only after the stake is resolved will safety indicators, including the bad debt ratio, be ensured as required by regulations.
Mr. Tue said the process is not simple due to legal and regulatory requirements, particularly the need for the State Bank’s approval. Sacombank has built a plan and submitted it to relevant authorities since last year, but it is still awaiting approval due to policy changes.
The bank leadership expressed hope that approval could be granted in 2026. They also noted that the process could take longer if objective obstacles arise, and said the board will continue working with authorities to finalize the plan.
Beyond internal factors, Sacombank faces macroeconomic challenges. In 2025, the environment saw many fluctuations, including new US tax policies and global tax adjustments that directly affect domestic production and business activity.
Technical factors have also contributed to higher non-performing loans (NPLs). Mr. Tue said that in earlier difficult periods, regulators allowed debt restructuring while keeping the debt group intact. Under current regulations, this approach is not broadly applicable, requiring banks to transfer debt groups and provision fully.
Mr. Tue stated that all NPLs have collateral assets, mainly real estate, so long-term recovery potential is positive. However, the issue is the pace of processing, with capital availability largely dependent on the market and on related legal procedures.
He said the stock of unresolved dossiers is very large, while collateral processing faces many obstacles, meaning progress has not met expectations.
For this year, Sacombank intends to focus its resources on resolving bad debts while continuing to coordinate with the State Bank to expedite approval of the Tram Be stake. Mr. Tue said that once this bottleneck is removed, the bank is expected to complete its restructuring, significantly improve its financial indicators, and move into a more stable development phase.
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