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Vietnam banks to gain stronger powers in resolving bad debts under new law
Vietnam’s bad debt crisis may see relief as the government moves to codify Resolution 42 into law, granting banks greater authority in seizing and selling collateral. The new legal framework could unlock billions in liquidity for the banking sector.
VAMC revs up for bad debt challenge
VietNamNet Bridge – The Vietnam Asset Management Company (VAMC) would officially begin activities from July 26 this year with the task of helping resolve bad debts and boost credit growth in Vietnam.
