Reuters logo
VIETNAM PRESS-Debt firm VAMC to sell $18 mln bad debts in June - Thanh Nien
June 16, 2014 / 1:56 AM / in 3 years

VIETNAM PRESS-Debt firm VAMC to sell $18 mln bad debts in June - Thanh Nien

Vietnam Asset Management Co (VAMC) said it plans to auction bad debts worth 390 billion dongs ($18.4 million) this month, the Thanh Nien (Young People) newspaper reported.

The central bank-run VAMC had bought non-performing loans worth 47.4 trillion dongs ($2.24 billion) from banks as of May, the report said. The auction, if held, would be the first of its kind since VAMC’s debut in July 2013.

----

NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1=21,180 dong) (Hanoi Newsroom; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below