The State Bank of Vietnam’s Transaction Office published a notice covering the settlement of three Vietnam Asset Management Company (VAMC) special bonds and related arrangements under which An Binh Commercial Joint Stock Bank (ABBank) is authorised by VAMC to handle collateral for a loan to EXIMLINE Joint Stock Company. The notice lists three bonds redeemed on 20 March 2025 with a combined face value of VND 3,723,773,528: VAMC B-0520849 (VND 2,443,500,000; issued 30 August 2023), VAMC B-0520966 (VND 988,160,506; issued 17 October 2023), and VAMC B-0520967 (VND 292,113,022; issued 17 October 2023). After settling the bonds, VAMC will transfer all related recovered proceeds to ABBank, while ABBank must remit to VAMC any amount due once the State Bank of Vietnam issues rules on the entitlement ratio for recoveries and the fee rate applied to end-period outstanding balances. ABBank is also in the process of selecting a valuation service provider to support disposal of the collateral.
State Bank of Vietnam 2025-03-26
State Bank of Vietnam’s Transaction Office announces VAMC settlement of VND 3.72bn in special bonds linked to ABBank case
The State Bank of Vietnam’s Transaction Office announced the settlement of three Vietnam Asset Management Company (VAMC) special bonds, totaling VND 3,723,773,528, with An Binh Commercial Joint Stock Bank (ABBank) authorized to manage collateral for a loan to EXIMLINE Joint Stock Company. VAMC will transfer recovered proceeds to ABBank, which must remit amounts due once entitlement rules are issued. ABBank is selecting a valuation service provider for collateral sale.