State firm to issue 3.7 billion of special bonds
The State Bank Governor gave the Vietnam Asset Management Company (VAMC)
the green light to issue up to 80 trillion VND (3.7 billion USD) worth
of special bonds in 2015.
The State Bank Governor gave the Vietnam Asset Management Company (VAMC)
the green light to issue up to 80 trillion VND (3.7 billion USD) worth
of special bonds in 2015.
The approval, confirmed in Document 1264/NHNN-TTGSNH, allows the firm to provide bonds with a maximum 5-year term.
Established in 2013, the VAMC, a one-member limited company, is a State tool for managing bad debt. Accordingly, it purchases bad debt from banks, recovers and restructures the debt, and sells collateral. It also adjusts loan conditions and converts debt into equity.
The company is permitted to consult and act as a broker to trade debts and assets, make financial investments, purchase sales, auction off assets, and provide guarantees for businesses and individuals to access bank loans.
The VAMC’s bonds are only used to buy bad debt from commercial banks and cannot be traded on the stock market.-VNA
The approval, confirmed in Document 1264/NHNN-TTGSNH, allows the firm to provide bonds with a maximum 5-year term.
Established in 2013, the VAMC, a one-member limited company, is a State tool for managing bad debt. Accordingly, it purchases bad debt from banks, recovers and restructures the debt, and sells collateral. It also adjusts loan conditions and converts debt into equity.
The company is permitted to consult and act as a broker to trade debts and assets, make financial investments, purchase sales, auction off assets, and provide guarantees for businesses and individuals to access bank loans.
The VAMC’s bonds are only used to buy bad debt from commercial banks and cannot be traded on the stock market.-VNA
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
