The State Bank of Vietnam’s Deputy Governor Nguyen Ngoc Canh used the Vietnam Asset Management Company (VAMC) 2025 review and 2026 task-setting conference to reaffirm that VAMC should continue to act as the State’s tool for handling bad debts as the next phase of credit institution restructuring begins in 2026, while improving operating efficiency under a market mechanism and preserving and developing State capital. The speech highlighted that VAMC’s market-value debt purchases reached VND 1,386 billion in 2025 (116% of plan), with a principal balance of VND 1,372 billion processed from debts purchased at market value (83% of plan). Priorities for 2026 include scaling up market-value purchases, sales and settlement of bad debts, continuing planned purchases funded by special bonds, and fully implementing activities envisaged under Decree 53/2013/ND-CP including guarantee activities, financial investment, capital contributions and share purchases. The directions also call for developing the VAMC Debt Exchange as a hub for connecting the bad-debt trading market, maintaining and improving the Debt Settlement Club, tightening corporate governance and risk management, and coordinating with State Bank units to review and amend the legal framework for VAMC’s operations, including Decree 53/2013/ND-CP and related circulars.
State Bank of Vietnam 2026-01-23
State Bank of Vietnam directs VAMC to expand market-based bad debt handling and strengthen governance in 2026
At the Vietnam Asset Management Company (VAMC) conference, Deputy Governor Nguyen Ngoc Canh stressed that VAMC should manage bad debts as part of the 2026 credit institution restructuring, while enhancing efficiency and preserving State capital. Key 2026 priorities include expanding market-value debt transactions, implementing Decree 53/2013/ND-CP activities, and developing the VAMC Debt Exchange to strengthen the bad-debt trading market.