Law to allow bank bakruptcy

Friday, Mar 31, 2017

The State Bank of Viet Nam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process.

PVcomBank to sell bad debts to VAMC

Tuesday, Jun 16, 2015

The Viet Nam Public Bank plans to sell bad debts worth US$71.43 million to the Viet Nam Asset Management Company, while handling $28.57 million itself.

Vietcombank sells Vinalines'$19m debt to DATC

Monday, Nov 03, 2014

Vietcombank has successfully sold off the US$19-million debt of Vietnam National Shipping Lines (Vinalines) to Vietnam Debt and Asset Trading Corporation (DATC), according to the tinnhanhchungkhoan.vn news website.

VAMC offers guaranteed assets of NPLs

Tuesday, Jun 17, 2014

Vietnam Asset Management Company (VAMC) has offered a list of ten guaranteed assets with about VND7.8 trillion or US$371.4 million, according to Thanh Nien Newspaper, citing the company''s source.

VAMC announces interest rate for purchased bad debts

Wednesday, Apr 16, 2014

Vietnam Asset Management Company (VAMC) will adjust annual interest rates for purchased bad debts at 10.7, 5.2 and 5.7 per cent for the Vietnamese dong, US dollar and Euro, respectively.

SBIC to release IPO by 2015

Monday, Mar 31, 2014

The Shipbuilding Industry Corporation (SBIC) will release its initial public offering (IPO) by 2015, said Chairman Nguyen Ngoc Su.

SBV postpones debt standards

Saturday, Mar 22, 2014

The State Bank of Viet Nam has issued a circular allowing commercial banks an additional year before applying new, strict debt classification standards.

$9.4m of bad debt recovered

Saturday, Mar 01, 2014

The Viet Nam Asset Management Company (VAMC) has purchased VND39 trillion (US$1.8 billion) in bad debts, of which VND200 billion ($9.4 million) has been recovered, said VAMC''s vice president Nguyen Quoc Hung on February 28.

SBV reaffirms 3.63% NPL ratio, countering Moody's valuation

Saturday, Feb 22, 2014

The State Bank of Viet Nam (SBV), countering Moody''s valuation this week, yesterday reaffirmed that the bad debt ratio of the banking system was 3.63 per cent last December.

Bank giants to offload US$47.6m in bad debts

Thursday, Oct 24, 2013

The Vietnam Asset Management Company (VAMC) will sign contracts this week topurchase more than VND1 trillion (US$47.6 million) in bad debts from Maritime Bank, Techcombank and Global Petro Bank (GPbank).

VAMC issues first batch of bonds

Tuesday, Oct 15, 2013

Vietnam Asset Management Company (VAMC) will issue the first batch of bonds worth VND792.66 billion (US$37.7 million) to buy bad debts from SHB, SCB and PGBank, according to a report from the State Bank of Viet Nam on Monday.

VAMC begins bulk buys of bank debts

Saturday, Oct 12, 2013

Viet Nam Asset Management Company (VAMC) on Frinday purchased more than VND1 trillion (US$47 million) of Saigon Commercial Bank (SCB)''s bad debts using its bonds.

VAMC buys Agribank's bad debts

Tuesday, Oct 01, 2013

Vietnam Asset Management Company (VAMC) today purchased more than VND1,600 billion (US$762 million) of Agribank''s bad debts using its bonds, said a VAMC leader.

Fitch Ratings warns on VN debt recovery plan

Tuesday, Jul 09, 2013

The creation of the Viet Nam Asset Management Company (VAMC) is unlikely to fully resolve asset-quality problems by the banks unless accompanied by meaningful regulatory measures, global rating agency Fitch Ratings said on Tuesday.