Plan to set up asset management firm announced

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Báo Đầu Tư English 39 minute(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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Plan to set up asset management firm announced

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Báo Tuổi Trẻ English 4 hour(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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BUSINESS IN BRIEF 23/5

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VietnamNet English 7 hour(s) ago

Partnerships key to infrastructure

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PM okays long-awaited VAMC establishment

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SaigonTimes English 18 hour(s) ago 1 related news

HCMC – The Prime Minister has signed a decision approving the long-awaited establishment of a debt trading firm called Vietnam Asset Management Company (VAMC), Le Minh Hung, deputy governor of the central bank, told a press briefing on Tuesday.

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PM steps up overhaul of banks

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Nhân dân English 1 day(s) ago 1 related news

Nhan Dan – The Prime Minister has approved the formation of an asset management company which will purchase non-performing loans from banks in an effort to speed up the clean-up of bad debts, which is preventing banks from providing more business loans and dampening economic growth.

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Vietnam premier approves debt asset company, central bank says

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Báo Thanh Niên English 2 day(s) ago 1 related news

Vietnamese Prime Minister Nguyen Tan Dung has approved a regulation to set up a debt asset management company to address bad loans in the country’s banking system, central bank Deputy Governor Le Minh Hung said today.

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A step towards bad debt settlement

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VOV News English 1 day(s) ago 1 related news

(VOV) - The Prime Minister has decided to establish the Vietnam Asset Management Company (VAMC) in an effort to settle bad debts that are hampering banking and business operations.

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Buildbank takes shape, raises controversy

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VietnamNet English 1 day(s) ago

Buildbank takes shape, raises controversy

VietNamNet Bridge – Buildbank, the commercial bank which aims to mobilize capital and lend money in the real estate and construction sector, has been formed up.

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NA tells Gov’t to prioritize growth

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SaigonTimes English 2 day(s) ago

HANOI – The National Assembly (NA) asked the Government to aim its policies at stimulating growth, while NA Chairman Nguyen Sinh Hung told the NA to join forces with the Government to ride out the tough times.

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VAMC to come online in Q2

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SaigonTimes English 2 day(s) ago

HCMC – The decree and project on establishment of the Vietnam Asset Management Company (VAMC) will be adopted quickly to ensure the enterprise starts operating in this quarter.

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Banking restructuring earns initial results: Govn’t

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Báo Tuổi Trẻ English 2 day(s) ago

Banking restructuring earns initial results: Govn’t

The national banking restructuring scheme has born initial fruits, said a newly released report from the Government

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Vietnam unlikely to meet 5.5% GDP growth target

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Báo Dân Trí English 3 day(s) ago 1 related news

Vietnam unlikely to meet 5.5% GDP growth target

The government's report on May 20 has shown that it will be very difficult to achieve a 5.5% GDP growth rate in 2013 amid the current challenges.

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Bad debts falling in Vietnam's ailing banks, gov't says

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Báo Thanh Niên English 4 day(s) ago

Bad debts falling in Vietnam's ailing banks, gov't says

The ratio of non-performing loans held by Vietnam's troubled banks eased slightly in the first quarter as they have become better at controlling bad debt, though the overall level of NPLs remained high, the government said on Monday.

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Vietnam says economy at great risk of macroeconomic instability

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Báo Thanh Niên English 4 day(s) ago

Vietnam still faces “great risk” of macroeconomic instability, a deputy premier said, as credit growth trails behind targets while banks work to reduce elevated bad debt that has hampered growth.

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Credit flow to remain poor despite VAMC: official

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SaigonTimes English 3 day(s) ago

HANOI – Credit flow will remain stagnant because the upcoming Vietnam Asset Management Company (VAMC) will not be able to quickly resolve the problem of bad debt, said Chairman Vu Viet Ngoan of the National Financial Supervisory Commission.

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