Vietinbank sell Cong Thanh's huge debts to VAMC

Vietinbank sell Cong Thanh's huge debts to VAMC

Local cement company Cong Thanh Group’s trillion-VND debts at Vietinbank will be shifted to Vietnam Asset Management Company (VAMC).
Traphaco fares poorly in optimising profit through financial tools

Traphaco fares poorly in optimising profit through financial tools

One of the major pharmaceutical firms in the country, Traphaco JSC seems to have forgotten the strength of financial vehicles for profit optimisation.
Sacombank sell two big real estate projects to deal with bad debts

Sacombank sell two big real estate projects to deal with bad debts

To resolve bad debts, Sacombank has just decided to discount two real estate plots it previously put on sale by nearly VND1.812 trillion ($78.78 million).
Standard Chartered Vietnam asks Quang Minh Corporation to pay $4 million debt

Standard Chartered Vietnam asks Quang Minh Corporation to pay $4 million debt

The first instance hearing ordered QMC to repay nearly $5.7 million to Standard Chartered Vietnam and Standard Chartered Mauritius.
Hanoi names and shames firms

Hanoi names and shames firms

Hanoi’s Social Insurance has published a list of 500 businesses with long overdue social insurance premiums, lasting between six months and two years.
Banks look over their shoulders at VAMC proposal

Banks look over their shoulders at VAMC proposal

Banks are taking a cautious approach towards a proposed national asset management company.
Debt issue held up to the light

Debt issue held up to the light 1

A long-awaited draft decree addressing bank bad debts is under the microscope.
Brining banking to account

Brining banking to account

Industry players are chewing over ways to tackle pressing banking sector issues.
AMC a knight in shining armor

AMC a knight in shining armor

Founding a national Asset Management Company (AMC) is believed to be one way to radically address the nation’s rock economic situation. National Assembly Finance and Budget Committee’s standing member Bui Duc Thu brings some light to AMC model.
DATC steps in behind business reshuffle

DATC steps in behind business reshuffle

Ministry of Finance’s Debt and Asset Trading Company (DATC) general director Pham Thanh Quang sheds some light on the on-going DATC supported business restructuring process and what steps to be taken to facilitate the process.
Dark and white knights fight over prized assets

Dark and white knights fight over prized assets

Bad debt restructuring became one of the hottest topics following the announcement of the State Bank’s Chief Inspector confirming banking system bad debt amounted to 8.6 per cent of total lending.
State Bank Governor answers questions on bad debts

State Bank Governor answers questions on bad debts

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on August 21 took the floor to answer deputies and voters questions on the settlement of bad debts, measures to facilitate businesses’ access to capital and the implementation of restructuring projects.
Bianfishco pledges to pay farmers’ debts in August

Bianfishco pledges to pay farmers’ debts in August

Binh An Seafood Co (Bianfishco) will hand over its fish processing plant to the farmers to whom it owes hundreds billions of dong if it misses the payment deadline on August 29, promised its acting general director.
Alarm at SOEs’ debt levels

Alarm at SOEs’ debt levels

The prime minister said public debt must not exceed 65 per cent of the gross domestic product (GDP) by 2020, state-owned enterprises’ (SOEs) debt situation needs to be controlled.
Question mark over asset management move

Question mark over asset management move

The jury is out on whether an asset management company is a smart option to solve banks’ bad debts.
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