Authorities get to grips with new bad debt mountain
June 24, 2020 | 17:20
A spike in the amount of bad loans sitting in banks’ books has triggered Vietnamese authorities to seek new paths to recovery, with the upcoming bad debt exchange platform envisaged to allow investors to buy and sell distressed assets, which can boost market liquidity.
VAMC targets to settle 50 trillion VND of bad debts this year
June 08, 2020 | 06:58
The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally 50 trillion VND (2.15 billion USD) this year.
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