VAMC buys nearly VND21 trillion deep debts

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.
Sacombank and VAMC representatives sign the cooperation agreement

Sacombank sells VND2,580 billion deep debt to VAMC

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has also signed contracts to sell three debts worth VND2,580 billion (US$114 billion) to Vietnam Asset Management Company (VAMC).
 
Each farmer is loaned up to VND 24.49 million from Vietnam Bank for Scial Policies

2.1 million farmers offered farming loans

The Vietnam Bank for Social Policies reported from the beginning of this year to July, over 2.1 individual farming households accessed bank loans, totalling VND 52,850billion (VND 24.49 million per one)
 (Photo: Sacombank)

Sacombank settles over VND2.52 trillion deep debt

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) yesterday said that it handled VND2,520 billion(US$111 million) of bad debt and set aside VND5,044 billion ($222 million) for credit risk provision in the first seven months this year.
Tram Be and Phan Huy Khang

Former executives of Sacombank kept in custody for investigation

The Police Department for Investigation of Economic and Corruption-related Crimes on August 1 launched criminal proceedings against and took into custody Tram Be and Phan Huy Khang, former executives of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).