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Dealing With Non-Performing Loans During The Bank Restructuring Process in Vietnam: Assessment Using The AHP and TOPSIS Methods

Gadjah Mada International Journal of Business (GamaIJB) · Vol. 22 No. 3 (2020) · pp. 323–347

DOI
10.22146/gamaijb.44453
ISSN
2338-7238, 1411-1128
Published
2020-12-24
Publisher
Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada
Language
eng
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This article aims to assess the solutions that have been implemented in Vietnam to deal with non-performing loan(s) (NPLs) in the banking system. By trying to build evaluation criteria through a literature review and an expert survey, as well as using the analytic hierarchy process (AHP) and technique for order preference by similarity to ideal solution (TOPSIS), this research measures the effectiveness of the resolution of NPLs in Vietnam through many factors. The empirical results show that, in the past, the banking system in Vietnam has not dealt very well with bad debt, as it mostly uses traditional methods such as NPL write-offs by loan loss reserves or the liquidation of collateral. Based on our consideration of the NPLs’ resolutions that the Vietnamese banking system has implemented recently, we propose some suggestions to improve the necessary conditions for applying more market-based solutions, such as debt-equity swaps and securitization to thoroughly resolve the NPLs in Vietnam

Keywords

Collaboration network of the authors

6 authors · 9 co-authorship links · 6 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • VNU University of Economics and Business
  • University of Alberta
  • Coventry University
  • Vietnam National University, Hanoi
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
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Co-authorOrganisationJoint articles
Richard BeasonUniversity of Alberta1
Dong Phuong DaoCoventry University1
Hong Minh NguyenVietnam National University, Hanoi1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.ugm.ac.id/gamaijb/oai, first harvested 28 Okt 2026, last seen 28 Okt 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Dealing With Non-Performing Loans During The Bank Restructuring Process in Vietnam: Assessment Using The AHP and TOPSIS Methods</dc:title>
	<dc:creator>Tran, Anh Thi Van</dc:creator>
	<dc:creator>Nguyen, Nhung Thi</dc:creator>
	<dc:creator>Tran, Tu Thi Thanh</dc:creator>
	<dc:subject xml:lang="en-US">Finance, Banking</dc:subject>
	<dc:subject xml:lang="en-US">analytic hierarchy process (AHP), fuzzy technique for order preference by similarity to ideal solution (fuzzy TOPSIS), non-performing loan(s) (NPLs), Vietnam</dc:subject>
	<dc:subject xml:lang="en-US">G10, G20, G21</dc:subject>
	<dc:description xml:lang="en-US">This article aims to assess the solutions that have been implemented in Vietnam to deal with non-performing loan(s) (NPLs) in the banking system. By trying to build evaluation criteria through a literature review and an expert survey, as well as using the analytic hierarchy process (AHP) and technique for order preference by similarity to ideal solution (TOPSIS), this research measures the effectiveness of the resolution of NPLs in Vietnam through many factors. The empirical results show that, in the past, the banking system in Vietnam has not dealt very well with bad debt, as it mostly uses traditional methods such as NPL write-offs by loan loss reserves or the liquidation of collateral. Based on our consideration of the NPLs’ resolutions that the Vietnamese banking system has implemented recently, we propose some suggestions to improve the necessary conditions for applying more market-based solutions, such as debt-equity swaps and securitization to thoroughly resolve the NPLs in Vietnam</dc:description>
	<dc:publisher xml:lang="en-US">Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada</dc:publisher>
	<dc:contributor xml:lang="en-US">We would like to thank Vietnam National University, Hanoi (VNU) for financing the Research Project number QG.18.25 “Securitization of banking bad debt: International experiences and lessons for Vietnam”. This paper has been extracted from this research.</dc:contributor>
	<dc:date>2020-12-24</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.ugm.ac.id/gamaijb/article/view/44453</dc:identifier>
	<dc:identifier>10.22146/gamaijb.44453</dc:identifier>
	<dc:source xml:lang="en-US">Gadjah Mada International Journal of Business; Vol 22, No 3 (2020): September-December; 323-347</dc:source>
	<dc:source>2338-7238</dc:source>
	<dc:source>1411-1128</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.ugm.ac.id/gamaijb/article/view/44453/30189</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2020 Gadjah Mada International Journal of Business</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>