SeABank completes settlement of VAMC special bonds Business

SeABank completes settlement of VAMC special bonds

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.
VAMC builds strategy for debt trading Business

VAMC builds strategy for debt trading

The Vietnam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Vietnam this year, in which it will play a central role to promote the development of the debt trading market.
Agribank, VAMC coordinate in settling bad debts Business

Agribank, VAMC coordinate in settling bad debts

The Vietnam Bank for Agriculture and Rural Development (Agribank) and the Vietnam Asset Management Company (VAMC) will work closely together to review bad debts and put forth proper measures to accelerate the settlement and recovery of bad debts.
Bad debt stands at 2.51 percent in late July Business

Bad debt stands at 2.51 percent in late July

The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State Bank of Vietnam (SBV) to the National Assembly.
Vietnam says bad debts under control Business

Vietnam says bad debts under control

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Vietnam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar on September 26.
VAMC needs more capital to settle bad debts Business

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.
New collateral rules good for VN banks: Moody’s Business

New collateral rules good for VN banks: Moody’s

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note on August 28.
Banks to buy back bad debts from VAMC Business

Banks to buy back bad debts from VAMC

Settlement of bad debts has shown positive signs after some banks announced they would buy back all their non-performing loans they sold to the Vietnam Asset Management Company (VAMC).