VAMC targets to settle VND50 trillion of bad debts this year

VAMC targets to settle VND50 trillion of bad debts this year

The Vietnam Asset Management Company VAMC targeted to settle bad debts worth totally 50 trillion VND this year
Twelve banks clear all bad debts at VAMC

Twelve banks clear all bad debts at VAMC

Twelve out of 40 commercial banks have so far cleared all their non performing loans NPLs kept at the Vietnam Asset Management Company VAMC
VMAC builds strategy for debt trading

VMAC builds strategy for debt trading

The Việt Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Việt Nam this year, in which it will play a central role to promote the development of the debt trading market.
VAMC aims to resolve 50 trillion VND of bad debts this year

VAMC aims to resolve 50 trillion VND of bad debts this year

The Vietnam Asset Management Company (VAMC) plans to handle some 50 trillion VND (2.14 billion USD) worth of bad debts in 2019, and issue special bonds to purchase 20 trillion VND (856 million USD) of non-performing loans.
Dealing with bad debts: time for ending!

Dealing with bad debts: time for ending!

VCN- Impressive income growth, improved legal basis for increasing the activeness of credit institutions (CI) and asset management companies in recovering debts are very favorable conditions for dealing with non-performing loans (NPLs) in 2018 and in the
VAMC targets US$6.15 billion bad debts this year

VAMC targets US$6.15 billion bad debts this year

By the end of 2018, the Việt Nam Asset Management Company (VAMC) must handle at least VNĐ140 trillion (US$6.15 billion) worth of bad debts it had purchased.
Credit growth reached a high level despite difficult economy

Credit growth reached a high level despite difficult economy

VCN- According to Deputy Governor Nguyen Thi Hong, in the first 6 months of 2017, the monetary and foreign exchange market and the banking system index are basically positive and stable.
Bad debts under the new circumstance

Bad debts under the new circumstance

VCN- With the new lending mechanism that was recently issued by the State Bank of Vietnam and the draft of some specific measures to deal with bad debts and weak banking, the "knot" of bad debt is expected to have many new steps in the near future.
NPL and weak banks handled

NPL and weak banks handled

VCN - Recently, the State Bank of Vietnam (SBV) has issued a draft report and proposed policies to specify the measures to address the non-performing loans (NPL) and bad credit institutions
Restructuring of Credit Institutions: Benefits of depositors guaranteed

Restructuring of Credit Institutions: Benefits of depositors guaranteed

VCN - As confirmed by a representative of the State Bank of Vietnam (SBV), one of the core and comprehensive principles of the SBV in the restructuring of the credit institution system (CIS) is ensuring the benefits of depositors.
A Solving mechanism is needed the most for bad debt handling: VietinBank’s Chairman

A Solving mechanism is needed the most for bad debt handling: VietinBank’s Chairman

National Assembly delegate Nguyen Van Thang shared the story of bad debts handling and the role of Vietnam Asset Management of the credit institutions Company
Handling bad debts: Need to change the way of management

Handling bad debts: Need to change the way of management

VCN- The bottlenecks in handling thebad debt problem in our country are mainly due to the legal mechanisms that are not really effective insupport ofthis work. Therefore, many experts saythat additionalfunds from the budget or from other sources are not a
VAMC special bond terms to be extended

VAMC special bond terms to be extended

Terms for special bonds issued by the Viet Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be ext
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