Handling Bad Debt of Credit Institutions – Experience from Vietnam Asset Management Company (VAMC)

Journal of Economics and Business

ISSN 2615-3726 (Online)

ISSN 2621-5667 (Print)

Published: 22 April 2020

Handling Bad Debt of Credit Institutions – Experience from Vietnam Asset Management Company (VAMC)

Hoang Thanh Tung, Nguyen Thi Van Anh, Le Thi Bich Hoi

University of Labour and Social Affair (Vietnam), Vietnam Asset Management Company

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10.31014/aior.1992.03.02.222

Pages: 583-588

Keywords: Bad Debts, Credit Institution, Debt Buying, Handling Bad Debts, Bad Debt in the Economy

Abstract

Due to the impact of the global financial crisis, since 2010 Vietnam's economy began to decline, production and business activities of enterprises faced many difficulties leading to bad debt ratios at credit institutions tend to rise and having complicated movements. In order to stabilize the situation, in 2013, the State Bank established the Vietnam Asset Management Company (VAMC). VAMC's activities have brought about certain results in resolving bad debts of credit institutions. This study focuses on VAMC's bad debt handling activities from 2013 to 2018, draws on successful experiences as well as restrictions and recommends some recommendations to enhance bad debt handling efficiency of VAMC

References

  1. Anh, T. (2019). VAMC handled VND 78,000 billion of bad debts in 2018. Retrieved March 12, 2020 from https://vietstock.vn/2019/01/vamc-xu-ly-78000-dong-no-xau-trong-nam-2018-757-648091.htm,

  2. Anh, K. (2019). The bad debts and VAMC, Review of Finance. Retrieved March 15, 2020 from http://tapchitaichinh.vn/ngan-hang/no-xau-va-vamc-309100.html

  3. Nhung, N. T. (2020). VAMC excellent completed the 2019 business plan, creating an important premise for the completion of the 2016-2020 plan, Retrieved March 12, 2020 from https://sbvamc.vn/danh-muc/tin-tuc-1

  4. Thang, D. V. (2020). From breakthroughs in handling bad debts. Retrieved March 12, 2020 from https://sbvamc.vn/danh-muc/tin-tuc-1

  5. VAMC (2018). Report No. 1059/BC-VAMC dated July 30, 2018, summarizing 5 years of VAMC's activities and orientations for the 2018-2020 period, Hanoi

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  7. Yen, X. (2019). Restructuring the banking system still has many worries over the past time. Retrieved January 12, 2020 from https://sbvamc.vn/bai-viet/tai-co-cau-he-thong-ngan-hang-con-nhieu-loi-lo

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