Hints and tips:
...Since 2013, VAMC has bought Vnd218.9tn ($9.9bn) worth of NPLs for Vnd191.3tn....
...There is little incentive for banks to be prudent, with many simply selling problem loans to VAMC, a government bad bank, often at face value....
...A major challenge for VAMC is that reselling the bad debts of Vietnam’s SOEs and banks is a delicate process....
...Fitch comments: We believe Vietnamese banks may still face capital-impairment risks even after offloading bad debt to the VAMC, based on preliminary data....
...“What if after five years the VAMC can’t sell those bad debts?...
...VAMC will be a 100 per cent state owned company whose aim, according to the central bank, is to “solve the bad debts and promote reasonable credit growth in the economy.” http://on.ft.com/19jcPKx Russia...
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