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Banks increase foreclosures on mortgaged properties to collect debt
Vietnamnet global

Banks increase foreclosures on mortgaged properties to collect debt

As investors have fallen into insolvency, many large properties have been distrained by commercial banks and put up for sale. HOREA estimates that about 500 projects have become ‘clinically dead’. 

Multi-trillion VND properties seized by banks for foreclosure
Vietnamnet global

Multi-trillion VND properties seized by banks for foreclosure

VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) and commercial banks have been seizing a series of valuable real estate assets to collect debts.

VAMC takes serious measures to collect debt
Vietnamnet global

VAMC takes serious measures to collect debt

VietNamNet Bridge - The Vietnam Asset Management Company (VAMC) has begun using its right to seize mortgaged assets given to it by Resolution 42 on settling bad debts.