World Summit on Management Sciences
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Accepted Abstracts

Handling Bad Debt of Credit Institutions -Experience From Vietnam Asset Management Company (VAMC)

Thanh Tung Hoang*
University of Labour and Social Affairs, Vietnam

Citation: Hoang TT (2020) Handling Bad Debt of Credit Institutions -Experience From Vietnam Asset Management Company (VAMC). SciTech Management Sciences 2020. Thailand

Received: December 18, 2019         Accepted: December 26, 2019         Published: December 26, 2019

Abstract

Due to the impact of the global financial crisis, since 2010 Vietnam's economy began to decline, production and business activities of enterprises faced many difficulties leading to bad debt ratios at credit institutions tend to rising and having complicated movements. In order to stabilize the situation, in 2013, the State Bank established Vietnam Asset Management Company (VAMC). VAMC's activities have brought about certain results in resolving bad debts of credit institutions. This study focuses on VAMC's bad debt handling activities from 2013 to 2018, draws on successful experiences as well as restrictions and recommends some recommendations to enhance bad debt handling efficiency of VAMC
Keyword: Bad Debts, Credit Institution, Debt Buying, Handling Bad Debts, Bad Debt in Economy