Vietnam establishes 190-million-USD State-owned asset management company

The company will buy non-performing loans from credit institutions and foreign bank branches, recover and dispose of debts and collateral, restructure loans and support lenders in resolving bad debts.

Vietnam has established a State-owned credit institutions' asset management company with a charter capital of 5 trillion VND (190 million USD) to tackle bad debts and support sustainable credit growth.

The Government issued Decree 359/2026/ND-CP on September 17 which sets out the establishment, organisation, operations and financial mechanism of the credit institutions' asset management company.

0-9152.jpg
A state-owned credit institutions' asset management company has been established with a charter capital of 5 trillion VND. (Photo: VNA)

The company will be subject to the management, inspection and supervision of the State Bank of Vietnam (SBV) as a specialised enterprise wholly owned by the State.

It will operate on the principles of covering its costs through its revenues rather than seeking profit, ensuring transparency and openness in the purchase and resolution of bad debts, and minimising risks and costs in bad-debt resolution.

The company will buy non-performing loans from credit institutions and foreign bank branches, recover and dispose of debts and collateral, restructure loans and support lenders in resolving bad debts.

The purchase will be based on market value or in exchange for special bonds. It may also convert bad debts purchased through special bonds into loans acquired at market value.

Of note, borrowers whose bad debts have been sold to the company may continue to seek loans from credit institutions and foreign bank branches if they have viable production and business plans or investment projects, subject to agreement with lenders and applicable credit regulations.

The decree provides the legal framework for the company to operate as a specialised State-owned mechanism for dealing with non-performing loans while supporting the banking system's capacity to provide credit to viable borrowers.

en.vietnamplus.vn

Other News

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

Vietnamese experts abroad join efforts to advance nuclear power development at home

Vietnamese experts abroad join efforts to advance nuclear power development at home

Held both in person and online, the seminar focused on the current status and opportunities for Vietnam’s nuclear power programme, human resources development, global trends in small modular reactors (SMRs), experience in ensuring safety and extending the operational life of nuclear power plants, and ways to mobilise Vietnamese experts abroad to contribute to the programme.

Port throughput in Hai Phong exceeds eight-month target

Port throughput in Hai Phong exceeds eight-month target

The strong performance followed a series of measures to optimise port capacity and improve the competitiveness of the city’s seaport system, with a focus on maximising the efficiency of the Lach Huyen international gateway port as new berths came into operation.

Vietnam, Mercosur begin trade negotiations

Vietnam, Mercosur begin trade negotiations

During the session, both sides reaffirmed their determination to advance the negotiations in a spirit of goodwill, with a view to reaching a balanced agreement that aligns with the interests of both Vietnam and Mercosur.

Vietnam poised to benefit from new wave of technology investment

Vietnam poised to benefit from new wave of technology investment

The successful development and production of high-end Pixel smartphones in Vietnam – a more complex process than manufacturing smartwatches and wireless earbuds – is reportedly giving Google confidence in moving its entire Pixel production out of China.

Energy infrastructure underpins marine economy development

Energy infrastructure underpins marine economy development

The integrated investment in energy infrastructure will provide a vital infrastructure foundation for effectively harnessing the marine potential, helping realise the goal of making Vietnam a strong maritime nation and achieving sustainable and prosperous development from the sea.

Ho Chi Minh City hosts International Innovation Forum and Exhibition 2026

Ho Chi Minh City hosts International Innovation Forum and Exhibition 2026

InnoEx 2026 focuses on major shifts reshaping the global economy, including artificial intelligence (AI), data, automation, green transition, international trade and new business models. It also provides a platform connecting businesses, startups, investors and solution providers, facilitating partnerships, investment and access to knowledge and technologies.

Vietnamese enterprises renew growth model to move up global value chains

Vietnamese enterprises renew growth model to move up global value chains

The resolution identifies enterprises as the centre of the renewal process, urging them to shift from cost-based competition to productivity, technology, quality and market responsiveness; from operating independently to joining industrial ecosystems; and from participating in value chains to mastering and eventually leading them.

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.