VAMC

Update news VAMC

The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation today (October 15).

Vietnam likely to have debt exchange

The State Bank of Vietnam has asked the Vietnam Asset Management Company (VAMC) to come up with a plan to establish a debt exchange and submit it to the competent agencies for approval.

Bad debts get worse

Even after launching a credit package worth hundreds of trillions of dong to support businesses, bad debts will still increase this year.

VN Asset Management Company targets to settle $2.15bil. bad debts this year

The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally VND50 trillion (US$2.15 billion) this year.

Banks sell mortgaged assets to resolve bad debts

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

Corporate debt seen as big risk in 2020

Some large private corporations have had to withdraw their capital from many projects and take out new loans.

Bad debts may increase amid coronavirus outbreak

Bankers anticipate that the coronavirus outbreak will affect the business of many of their clients.

Vietnam’s banks to be very busy in 2020: analysts

The banks will have to complete the transitional period to meet Basel II standards and begin the race for Basel III, and will also have to list shares and compete fiercely in the digital transformation process.

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).

Techcombank, MBBank and VP Bank are top profitleaders

While Vietcombank leads state-owned banks in terms of profit, there are three candidates for the No 1 position among private banks.

Bad debt increases, posing challenge for banking sector in 2020

Commercial banks’ finance reports show that bad debts have been increasing again. Bad debt will be one of big problems for banks this year.

The picture of Vietnam's banking sector in 2019

The BIDV’s sale of shares to South Korean investor, the technology upgrading race among banks and a series of moves taken by the central bank are the highlights of 2019.

Eighth bank cleared all bad debts at VAMC

Kien Long Bank has become the eighth bank to clear all bad debts they had previously sold to the Viet Nam Asset Management Company (VAMC) before the maturity date, VAMC announced on Tuesday.

 

Resources to deal with bad debts pending

Established six years ago by the government, the Vietnam Asset Management Company (VAMC) has not been very effective.

Vietnam banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

 

Banks rush to buy back bad debts

Many banks have bought back the bad debts that they had sold before to the Vietnam Asset Management Company (VAMC), taking a new step forward in bad debt settlement.

Investors hunt for foreclosed properties

VietNamNet Bridge - The bad debt trading market is getting busy as properties used as collateral for bad loans are selling more quickly now. 

Barriers still exist in debt trading market

VietNamNet Bridge - Experts say that bad debts will be settled only if there is a debt market, but the market still has not taken shape because of the lack of a legal framework.

Bad debts return to banks

VietNamNet Bridge - A report of the State Bank showed that the bad debt of the entire banking system had dropped from 10.08 percent in 2016 to 6.7 percent by the end of June 2018.

Banks rush to sell huge mortgaged assets to collect debts

VietNamNet Bridge - The Vietnam Asset Management Company and commercial banks are offering to sell valuable real estate assets worth tens to hundreds of billion of dong each.