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

Journal of Economics and Business, Vol.3 No.2 (2020)

7 Pages Posted: 18 May 2020

See all articles by Hoang Thanh Tung

Hoang Thanh Tung

University of Labour and Social Affairs

Nguyen Thi Van Anh

University of Labour and Social Affairs

Le Thi Bich Hoi

Vietnam Asset Management Company

Date Written: April 22, 2020

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

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

Suggested Citation

Tung, Hoang Thanh and Anh, Nguyen Thi Van and Hoi, Le Thi Bich, Handling Bad Debt of Credit Institutions – Experience from Vietnam Asset Management Company (VAMC) (April 22, 2020). Journal of Economics and Business, Vol.3 No.2 (2020), Available at SSRN: https://ssrn.com/abstract=3581795

Hoang Thanh Tung (Contact Author)

University of Labour and Social Affairs ( email )

Vietnam

Nguyen Thi Van Anh

University of Labour and Social Affairs

Vietnam

Le Thi Bich Hoi

Vietnam Asset Management Company ( email )

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