VietNamNet Bridge – VAMC (Vietnam Asset Management Company) is now holding VND230 trillion worth of bad debt, including real estate which is used as collateral for bad debts it has purchased from commercial banks.

It is expected that from now to the end of 2017, VAMC will settle VND23-25 trillion worth of bad debt, or 10 percent of the amounts of bad debt it is holding.

With 70 percent of bad debt secured by real estate, roughly VND161 trillion dong worth of property being held by VAMC will be liquidated in the time to come. Tiếp tục đọc “Foreign investors shun properties with bank debt” →