IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

Friday, Jun 28, 2024

The platform aims to offload up to $1.2 billion in NPLs, enabling up to 400,000 debtors to regain formal credit access.

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.

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).

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).

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.