Kien Long Bank has become the eighth bank to clear all bad debts they had previously sold to the Viet Nam Asset Management Company (VAMC) before the maturity date, VAMC announced on Tuesday.
Kien Long Bank is the country''s first bank to have reported a loss
of VND8.8 billion (US$392,000) in the third quarter of this year. In
the same period last year, the bank had made a profit of VND27.6
billion.
