This event marks the beginning of a new phase of development in strengthening networking, sharing professional expertise, and enhancing resources to support credit institutions in accelerating safe and effective bad debt recovery and resolution.
Dr. Dao Minh Tu – Vice Chairman cum Secretary General of VNBA
Expanding scale, perfecting the debt resolution ecosystem
Established in 2022, the VNBA AMC Club has affirmed its crucial role as a hub for professional exchanges and policy recommendations within the banking sector.
At the ceremony, the Club officially awarded admission decisions to 38 new member institutions, including: 36 commercial banks (including 100% foreign-owned banks and foreign bank branches operating in Vietnam), and 02 asset management and debt resolution companies.
Dr. Dao Minh Tu, Vice Chairman and Secretary General of VNBA, and Mr. Tran Trung Dung, Chairman of AMC Club, presented admission decisions to 38 new members.
The admission of these 38 new members brings the total membership of the AMC Club to 60 units. This strong expansion represents a major transformation, establishing the Club as an extensive network encompassing almost all core forces in risk management and non-performing loan (NPL) resolution across the sector.
Also during the event, representatives of the Club's Executive Board outlined plans for broadening the membership criteria moving forward. Accordingly, the Club will gradually attract specialized businesses that complement debt resolution operations, such as valuation, asset auction, legal advisory, technology, data, and financial advisory firms. The goal is to build a synchronized debt resolution ecosystem that optimizes resources and maximizes asset recovery value for credit institutions.
Reorganization of the Executive Board for the 2024–2027 term
As part of the program, the AMC Club conducted the reorganization of its Executive Board for the 2024–2027 term. The new Executive Board represents 9 prominent and highly experienced institutions, including: VAMC, Agribank, VietinBank, BIDV, Vietcombank, MB, Sacombank, Nam A Bank, and HDAMC.
Debut of AMC Club's new Executive Board for the 2024–2027 term
The conference re-appointed Mr. Tran Trung Dung – Chairman of the Member Council of the Vietnam Asset Management Company (VAMC) to continue serving as Chairman of the AMC Club for the 2024–2027 term.
In his acceptance speech, Mr. Tran Trung Dung expressed gratitude for the trust placed in him by the VNBA Standing Committee and member units. He committed that the Executive Board, together with all members, will proactively foster professional exchanges and collaboratively address practical difficulties to enhance NPL recovery efficiency across the system.
Key directives from VNBA leadership
Attending and delivering guiding remarks at the ceremony, Dr. Dao Minh Tu – Vice Chairman cum Secretary General of VNBA highly praised the efforts and achievements of the Debt Management Club in recent times, while offering congratulations to the new members and the newly reorganized Executive Board.
Dr. Dao Minh Tu emphasized that amid economic fluctuations and growing pressures from non-performing loans, debt resolution plays a vital role in ensuring the overall safety and stability of the banking and financial system.
Specifically, VNBA Vice Chairman cum Secretary General Dao Minh Tu requested the Executive Board and all members to focus on the following key tasks:
-Promote cooperation, innovation, and proactiveness: Dr. Dao Minh Tu expressed his desire for Club members to maximize their sense of responsibility and initiative by increasing the sharing of information, practical experience, and effective debt resolution models. Through this, the Club should truly become a reputable body with an influential voice, making practical contributions to NPL resolution.
-Synthesize challenges and actively participate in policy formulation: The new Executive Board needs to promptly gather feedback from credit institutions, AMCs, valuation and auction agencies, lawyers, and experts regarding legal and procedural bottlenecks in debt handling. On this basis, the Club should proactively advise, propose, and recommend policy and legal framework enhancements to competent authorities through VNBA.
-Expand connections and elevate member capabilities: The Club is encouraged to strengthen partnerships with professional service providers (valuation, legal, technology, data, etc.) to create a transparent and professional debt handling environment; regularly organize seminars and specialized workshops to address operational challenges faced by members.
Affirming the commitment to systemic safety
The ceremony to admit new members and reorganize the Executive Board for the 2024–2027 term of the AMC Club was a resounding success. The event not only marks a significant expansion in organizational scale but also reinforces the strong commitment of VNBA and its member institutions to proactively manage risks, unblock capital flows, and ensure the safety of the entire banking system.
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