The State Bank of Viet Nam (SBV) this week required its branches
nationwide to adopt stricter, more comprehensive measures to accelerate
progress in restructuring debt and resolving non-performing loans
(NPLs).
Banks with non-performing loan (NPL) ratios of 3 per cent or more will
have to sell the loans to the Viet Nam Asset Management Company (VAMC), a
new group due to officially begin operations on July 9 this year,
according to a newly-issued...
