The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation today (October 15).
The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally VND50 trillion (US$2.15 billion) this year.
While Vietcombank leads state-owned banks in terms of profit, there are three candidates for the No 1 position among private banks.
Commercial banks’ finance reports show that bad debts have been increasing again. Bad debt will be one of big problems for banks this year.