Efforts Exerted for NPLs Settlement
The close coordination among the Viet Nam Asset Management Company (VAMC), credit organizations, and enforcement agencies led to positive signals in settlement of non-performing loans (NPLs).
The VAMC reported that it bought 24,512 debt deals worth over VND243 trillion from 41 credit organizations.
Regarding debt withdrawal, VAMC cooperated with credit organization to recover over VND17 trillion in 2015 and VND22 trillion in the 2013-2015 period.
VAMC also sold VND1.1 trillion of debts in 2015 and VND2.9 trillion in 2013-2015.
VAMC Chairman Nguyen Quoc Hung was quoted as saying that right after the Minister of Justice and the Governor of State Bank of Viet Nam signed a cooperative agreement, law enforcement was more positive.
The General Department of Civil Judgment Enforcement is working with the VAMC and credit organizations to review feasible cases with a view to making breakthroughs in NPLs settlement in 2016, said Mr Hung.
VGP
Vietnamese
