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Settlement of bad debt improved

by VTV402 November 2017 Last updated at 07:59 AM

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VTV.vn - Over 220 million USD in bad debt has been collected by the Vietnam Asset Management Company, VAMC, in just a month after Resolution 42 was issued by the Government.

It is estimated that VAMC can settle 968 million USD of bad debt in 2017, accounting for a third of the total bad debt since the establishment of the company. These positive results point to the successful implementation of the policy. According to VAMC, the banks themselves have been able to settle 29.5 billion USD in bad debt since August 2012.