General Members
Name of Institution
Vietnam Asset Management Corporation (VAMC)Country
Viet Nam (VIE)Institution at a Glance:
Vietnam Asset Management and Company (VAMC) was established under Decision No. 1459/QD-SBV dated 27 June 2013 by the Governor as a public asset management company. The company works under the management of the State, inspection and supervision of the State Bank of Vietnam. VAMC operates with a chartered capital of VND 5 trillion according to the principle of revenue and expenditures, non-profit purposes, publicity and transparency, risk mitigation and cost reduction in handling bad debts.
Mission
This special tool of the State contributes to quickly handle bad debts, makes finance sector healthier, minimize risk for credit institutions and enterprises and promotes reasonable credit growth in the economy.
Operation Principles
- Expense can be offset by revenue
- Ensure publicity and transparency in buying and selling NPLs process
- Minimizing risk and cost in handling NPLs
Shareholders
VAMC is 100% owned by the State Bank of Vietnam.
Accomplishments
Member Since: 2017
Key Officers
Nguyen Tien Dong, Chairman
Doan Van Thang, CEO
Contact Us
Vietnam Asset Management Company (VAMC)
Address: 22 Hang Voi, Ly Thai To Ward, Hoan Kiem District Hanoi, Vietnam
Telephone: (+84-024) 3935-2884
Fax No.: (+84-024) 3935-2874
Email: contact@sbvamc.vn
Web site: https://sbvamc.vn/