Dong A Bank recoups 185mln USD of bad debts Business

Dong A Bank recoups 185mln USD of bad debts

Dong A Bank has delivered a steady performance under the State Bank of Vietnam's special supervision, since August, recovering nearly 4.2 trillion VND (185 million USD) of its non-performing loans.
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).
HCM City’s bad debts down to 3.8 percent Business

HCM City’s bad debts down to 3.8 percent

Ho Chi Minh City’s bad debts had decreased to 3.8 percent of total credit outstanding balance by the end of August, said Director of the State Bank of Vietnam’s municipal branch To Duy Lam.
Bonds to be issued on banks' bad debts Business

Bonds to be issued on banks' bad debts

The Vietnam Asset Management Company has begun to issue a new class of bond against bad debts that can be traded between the central bank and lenders as well as among the latter.
Bad debt ratio slashed to 3.21 percent Business

Bad debt ratio slashed to 3.21 percent

From 2012 to August 2015, credit organisations handled 424.14 trillion VND worth of bad debt, bringing the ratio of bad debt to 3.21 percent this August from 4.93 percent in September 2012.
VAMC to buy bad debts at market value Business

VAMC to buy bad debts at market value

Starting 2016, the Vietnam Asset Management Company (VAMC) will mainly buy non-performing loans (NPLs) from credit institutions at market value and restrict using special bonds for the purchase.