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Vietnam Asset Management Company

VAMC to auction bad debts starting at nearly 10 mln

VAMC to auction bad debts starting at nearly $10 mln

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

Regulations on bad debt trading, settlement revised

The new circular amends Circular 19/2013/TT-NHNN and the more detailed measures, will be effective from July 1 this year.
State Bank asks for extension to bad debt programme

State Bank asks for extension to bad debt programme

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.
Bad debt trading platform to start operation

Bad debt trading platform to start operation

The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation today (October 15).
VPBank settles US129.7 million VAMC bonds

VPBank settles US$129.7 million VAMC bonds

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

Banks scramble to sell assets to recover bad debts

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...
SBV mandates sale of NPLs

SBV mandates sale of NPLs

Credit institutions have been forced to sell their non-performing loans (NPLs) to national debt dealer Viet Nam Asset Management Company (VAMC) to meet regulated deadlines.
Construction bank needs 1.9 billion to restructure operations

Construction bank needs $1.9 billion to restructure operations

Viet Nam Construction Joint Stock Commercial Bank (VNCB) needs VND40 trillion (US$1.9 billion) to restructure its operations, said Deputy Governor of the State Bank of Viet Nam Nguyen Phuoc Thanh.
Economy struggles to cope with bad debt, slow growth

Economy struggles to cope with bad debt, slow growth

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

Banks iron out post-merger teething issues

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.
VAMC asked to become more transparent

VAMC asked to become more transparent

Vietnam Asset Management Company (VAMC) will have to publish information about its activities and become more transparent under a new regulation issued by the State Bank of Vietnam (SBV).
SBV ticks asset management company

SBV ticks asset management company

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.