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.

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).

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).  

VAMC plans to resolve $5.95b of bad debts by 2020

Monday, Sep 10, 2018

The Viet Nam Asset Management Company plans to resolve at least VND140 trillion of non-performing loans from now until 2020, of which VND34.5 trillion will be settled this year.

VIB buys back all bad debt from VAMC

Monday, Aug 06, 2018

Vietnam International Bank announced last week that it has repurchased more than VND1.46 trillion (US$64.2 million) worth of debt from the Viet Nam Asset Management Company.

VAMC targets VND140 trillion bad debts this year

Friday, Jan 19, 2018

By the end of 2018, the Viet Nam Asset Management Company (VAMC) must handle at least VND140 trillion (US$6.15 billion) worth of bad debts it had purchased.

VAMC lowers rate on purchased bad debts

Tuesday, Jan 16, 2018

The Viet Nam Asset Management Company (VAMC) has announced reference interest rates applied in the first quarter of 2018 on bad debts it had purchased.

VAMC collects debt worth $702m

Wednesday, Nov 15, 2017

Viet Nam Asset Management Company (VAMC) has collected debt worth some VND16 trillion (US$702 million) since the beginning of the year, VAMC’s general director Doan Van Thang revealed.

VAMC increases rates on bad debts it purchased

Tuesday, Oct 10, 2017

 The Viet Nam Asset Management Company (VAMC) has announced increases in reference interest rates on the bad debts in Vietnamese dong and US dollar it purchased.

VAMC needs more capital to settle bad debts

Wednesday, Aug 30, 2017

 The Viet Nam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.

New collateral rules good for VN banks: Moody’s

Monday, Aug 28, 2017

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note...

More banks to repurchase bad debts from VAMC

Friday, May 12, 2017

After a period of actively selling non-performing loans to the Viet Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.

VN to recoup $2.6b bad loans

Friday, Feb 24, 2017

The Viet Nam Asset Management Company (VAMC) will take drastic measures to recover around VND33 trillion (US$2.598 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyen Tien Dong said.