The 2015 results of Vietnamese banking testified to an ongoing process
of recognising and cleaning up problem assets, a credit positive,
Moody''s said in a new report released midweek.
Industry insiders are doubtful whether the Viet Nam Asset Management Company issuing special bonds will help reduce the overall bad debt ratio to below 3 per cent in 2015.
Viet Nam
Assets Management Company (VAMC) has issued VND30.4 billion (US$1.44
million) worth of special bonds to buy bad debts from Sai Gon-Ha Noi
Bank, announced the State Bank of Viet Nam on November, 11.
Viet Nam Assets Management Company (VAMC) plans to issue VND35 trillion
(US$1.67 billion) worth of bonds to buy bad debts from credit
institutions this year, said the company''s vice chairman, Le Quoc Hung.
Vietnam Assets Management Company (VAMC) plans to issue bonds worth
VND35 trillion (US$1.67 billion) to buy bad debts from credit institutions this year, said
Deputy Chairman of VAMC Le Quoc Hung.
The State Bank of Viet Nam this week unveiled a draft circular
regulating the operation of the Viet Nam Asset Management Company (VAMC)
which is to become operational on July 9.