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State asset management firm plans to set up bad debt exchange

The Vietnam Asset Management Company has announced plans to set up a bad debt trading floor in the next two years.

State asset management firm plans $2.14 billion bad debt recovery

The Vietnam Asset Management Company, set up to buy bad debts from commercial banks, plans to recover VND50 trillion ($2.14 billion) this year.

Banks race to offload expensive property as bad debt buyback looms

Many banks are looking to sell mortgaged assets as they prepare to buy back bad debt from the state.  
May 06, 2019 | 09:00 am GMT+7

Sacombank largest seller to state-owned debt buyer

83 percent of bad debts the Vietnam Asset Management Company (VAMC) bought last year at market prices came from private lender Sacombank.
July 23, 2018 | 01:39 pm GMT+7

Abandoned Saigon skyscraper to go under the hammer

The bare frame of tower has been left untouched since the housing crisis in 2011 when its investors fell into bad debt.
March 30, 2018 | 11:27 am GMT+7

Vietnam's banking cleanup efforts recoup 18 percent of toxic debts

The country may need $25 billion to clear toxic debts off bank books.
March 16, 2017 | 03:20 pm GMT+7

Vietnam takes stronger stance against banking reform evaders

Banking bigwigs are going to have to show how they got so rich in the first place.
January 26, 2017 | 09:43 am GMT+7

ADB willing to lend Vietnam a hand to clear toxic debts in banking system: PM

The regional development bank is considering a buy-out of a troubled bank in Vietnam.
December 09, 2016 | 07:02 pm GMT+7

Vietnam 'debt bank' finds itself struggling for funds

The government has only recouped 15 percent of the bad debt it's bought from troubled banks.
October 27, 2016 | 04:51 pm GMT+7

Vietnam's banking system needs $25 bln to clear off toxic debts

The country needs $25 billion to address bad debt, equivalent to 13 percent of the country’s gross domestic product in 2015, financial experts say.
October 13, 2016 | 03:00 pm GMT+7

Vietnam's banking sector remains at high risk: Moody's

Bad debts hold back the country's banking system.
September 01, 2016 | 10:32 pm GMT+7

SBV targets to keep bad debt under 3 pct

The State Bank of Vietnam (SBV) has instructed credit institutions, including domestic and foreign commercial banks, to keep bad debt under 3 percent of outstanding loans.
April 15, 2016 | 03:31 pm GMT+7

ADB's latest check on Vietnam's economy

The new assessment of Vietnam's economy and medium-term macroeconomic projections announced by the Asian Development Bank (ADB). 
March 31, 2016 | 12:09 pm GMT+7

ADB: Bad debt, low productivity the main challenges for Vietnam this year

The Asian Development Bank says non-performing loans and low productivity are the main challenges for Vietnam, while forecasting Vietnam’s economy will grow at 6.7 percent this year.
March 30, 2016 | 04:05 pm GMT+7
 
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