Tags: vamc

Banks step up bad debt resolution

Banks step up bad debt resolution

Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impact of the COVID-19 pandemic.

SeABank completes settlement of VAMC special bonds

SeABank completes settlement of VAMC special bonds

The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.

VAMC builds strategy for debt trading

VAMC builds strategy for debt trading

The Vietnam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Vietnam this year, in which it will play a central role to promote the development of the debt trading market.

VAMC aims to resolve 50 trillion VND of bad debts this year

VAMC aims to resolve 50 trillion VND of bad debts this year

The Vietnam Asset Management Company (VAMC) plans to handle some 50 trillion VND (2.14 billion USD) worth of bad debts in 2019, and issue special bonds to purchase 20 trillion VND (856 million USD) of non-performing loans.

Banks speed clearance of bad debts at VAMC

Banks speed clearance of bad debts at VAMC

Many banks had to sell a large amount of NPLs to the Viet Nam Asset Management Company (VAMC) in the past few years to meet the central bank’s requirement of keeping their NPL ratio below 3 per cent of all outstanding loans.

Banks post high profits in 2018

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.

Detailed guidance needed to tackle bad debt: experts

Detailed guidance needed to tackle bad debt: experts

Settling non-performing loans (NPLs) has been easier since the application of Nation Assembly’s Resolution 42 a year ago, but detailed guidance is still needed to make the use of the regulation smoother, industry insiders said.

Bank tickers anticipated upbeat momentum ahead

Bank tickers anticipated upbeat momentum ahead

Despite some corrections in the first half, bank tickers are expected to lead the market in the second half, buoyed by dwindling provisioning and upbeat profit prospect.

Banks post impressive profit growth in H1 2018

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half of 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.