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.

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).

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).

SeABank completes settlement of VAMC special bonds

Tuesday, Dec 31, 2019

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Viet Nam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.

Eighth bank cleared all bad debts at VAMC

Wednesday, Dec 18, 2019

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.

VMAC builds strategy for debt trading

Thursday, Jun 20, 2019

The Viet Nam Asset Management Company is planning to develop a new strategy for buying and selling bad debts in Viet Nam this year, in which it will play a central role to promote the development of the debt trading market.

VAMC to reclaim US$2.13 billion in bad debts

Friday, May 17, 2019

The Viet Nam Asset Management Company (VAMC) is expected to reclaim a bad debt figure of VND50 trillion (US$2.13 billion) in 2019, higher than the volume of 2018 which stood at VND30.9 trillion ($1.32 billion).  

Banks speed clearance of bad debts at VAMC

Friday, Apr 26, 2019

Settlement of bad debts is expected to improve this year as many banks plan to buy back all the non-performing loans (NPLs) they had sold to the Viet Nam Asset Management Company (VAMC).

Agribank must go IPO by 2020, clear all bad debts

Tuesday, Feb 12, 2019

The Vietnam Bank for Agriculture and Rural Development (Agribank) must resolve all non-performing loans kept at the Viet Nam Asset Management Company (VAMC), said deputy PM Vuong Dinh Hue.

Central bank focuses on bad debt settlement in 2019

Friday, Jan 04, 2019

The Government has directed the State Bank of Viet Nam to focus on the settlement of non-performing loans in 2019 with the aim of bringing the NPL ratio of credit institutions to below 2 per cent.