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Vietnam Asset Management Company Limited (VAMC)

Vietnam Asset Management Company Limited (VAMC)

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VAMC needs more financial strength to better handle bad debts

Bringing NPL resolution into development policy framework marks a shift from a reactive, situational approach to one that is proactive, long term and structural.

Banks must sell bad debts to VAMC if NPL ratio reaches 3 per cent

Under the draft, banks exceeding the threshold must transfer bad debts to VAMC based on inspection and valuation results to maintain a safe NPL ratio.

Circular 14: Stricter rules favour stability, restrict cash payouts

The policy, effective from 15 September this year, prioritises capital consolidation over shareholder payouts and signals a shift from broad-based encouragement to more selective oversight.

VAMC to auction bad debts starting at nearly $10 mln

VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.

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