VAMC to auction bad debts starting at nearly $10 mln

Thursday, Sep 19, 2024

VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.

Regulations on bad debt trading, settlement revised

Monday, Jun 10, 2024

The new circular amends Circular 19/2013/TT-NHNN and the more detailed measures, will be effective from July 1 this year.

Central bank works on bad debt regulations

Tuesday, Mar 26, 2024

The draft circular supplements regulations that VAMC can sell collateral of a NPL higher or lower than the principal balance of the NPL.

SSIAM fined for administrative violations

Wednesday, Oct 18, 2023

The a total fine is VNĐ165 million.

State Bank asks for extension to bad debt programme

Wednesday, May 25, 2022

The government has asked for an extension to a pilot programme designed to handle bad debt from domestic financial institutions during a meeting with the National Assembly yesterday in Ha Noi.

SSI wins Best Business Development award from AsianInvestor

Wednesday, May 18, 2022

SSI Asset Management Company Limited has won the Best Business Development award at AsianInvestor magazine’s 2022 Asset Management Awards.

Bad debt trading platform to start operation

Friday, Oct 15, 2021

The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation today (October 15).

VAMC to open a debt exchange

Tuesday, Jun 29, 2021

Viet Nam Asset Management Company (VAMC) said it is completing the final procedures to open a debt exchange.

VN to soon have a debt exchange

Monday, Dec 14, 2020

Establishing a debt exchange has been earmarked as a key task of the State-run Viet Nam Asset Management Company (VAMC) over the next five years, a good signal for the formation of long-waited debt trading floor to resolve bad debts..

DATC auctions more than 4 million shares of MSB

Thursday, Dec 03, 2020

Việt Nam’s Debt and Asset Trading Corporation (DATC) has offered to sell a complete lot of more than 4 million shares of the Vietnam Maritime Commercial Joint Stock Bank (MSB) on December 23.

VAMC targets to settle VND50 trillion bad debts this year

Wednesday, Jun 03, 2020

The Viet Nam Asset Management Company (VAMC) targeted to settle bad debts worth totally VND50 trillion (US$2.15 billion) this year.

BIDV clears bad debts at VAMC

Monday, Mar 09, 2020

The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Viet Nam Asset Management Company (VAMC).

Twelve banks clear all bad debts at VAMC

Monday, Feb 03, 2020

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC).

SSI signs deal with Korean fund

Tuesday, Jan 14, 2020

SSI Asset Management Company Limited (SSIAM) and South Korea’s NH-Amundi Asset Management Company Limited signed a memorandum of understanding yesterday to promote the former’s funds in the Korean market.

Local banks get serious about recovering bad debts

Monday, Jan 13, 2020

In the last week of December Agribank became the 10th bank to complete the purchase of all bad debts it had previously sold to the Viet Nam Asset Management Company (VAMC).