Debt firm auctions off seized high-rise in Saigon to clear $308mn bad loan
Economy 18:15 30/03/2018Saigon One Tower was mortgaged for the massive loan which eventually became bad debt
Vietnam bad debt management firm ready to meet 2017 target
Economy 16:28 05/10/2017The Vietnam Asset Management Co has resolved US$572.69 million in bad debts so far this year
Vietnam to raise capital of state debt and asset firm by 125pct
Economy 10:00 14/12/2014The Debt and Asset Trading Corporation (DATC) is one of the government's tools to help unload bad debts and unused assets, mostly in state-owned enterprises
Vietnam should allow foreigners to buy houses: official
Economy 17:30 31/12/2013The Government has put the issue under serious consideration as it may boost the local economy once approved, said Truong Van Phuoc, vice chief of the country’s financial watchdog
VAMC to handle $141 mln bad debts until 2013-end
Economy 12:00 02/09/2013It merely meets 42.8 percent of the initial target of $329 million worth of bad debts which is expected to be handled by the year-end
Time for banks to bite the bullet and let the cleanup roll on: expert
Economy 14:00 19/08/2013Bad debt is not a problem, as it is an outcome of any economic development process. How to clean it up as fast as possible to pave the way for a recovery is the problem
Newly-founded debt firm sheds hope but for how long?
Economy 17:00 02/08/2013The mountain of bad debt choking the national banking system may not simply vanish just by a swing of a magic wand, i.e the recent creation of state-run Vietnam Asset Management Co
