VPBank settles US$129.7 million VAMC bonds

Thursday, Dec 26, 2019

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on Wednesday completed settling a total of VND3 trillion (US$129.7 million) worth of bonds sold to the Vietnam Asset Management Company (VAMC).

Banks scramble to sell assets to recover bad debts

Monday, Jan 29, 2018

Since Vietnam Asset Management Company (VAMC) seized Sai Gon One Tower using the authority conferred on it by Resolution 42 on settling bad debts, several banks have followed suit and offered mortgaged assets for sale to help pay their bad...

Economy struggles to cope with bad debt, slow growth

Thursday, Oct 02, 2014

The Vietnamese economy is facing three major challenges: low credit growth, slow pace of settlement of non-performing loans and sluggish business and production.

Banks iron out post-merger teething issues

Monday, Sep 01, 2014

The new Saigon Commercial Bank (SCB), formed by its 2012 merger with two other joint stock banks, Viet Nam Tin Nghia and De Nhat, is turning things around after a difficult start.

SBV ticks asset management company

Saturday, Jun 29, 2013

Governor of the State Bank of Viet Nam Nguyen Van Binh has signed a decision to set up the Viet Nam Asset Management Company (VAMC), effective from July 9 this year, in a move to resolve bad debts and boost credit growth.