The State Bank Governor on June 27 delivered a decision to set up Vietnam Asset Management Company (VAMC).
The State Bank Governor on June 27 delivered a decision to set up Vietnam Asset Management Company (VAMC).
The VAMC, organized in the form of a one-member limited liability company in which the State owns 100% of the charter capital, is established to deal with credit institutions and branches of foreign banks’ bad debts which threaten the Vietnamese economy.
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The company is based at 22 Hang Voi, Ly Thai To Ward, Hoan Kien District, Hanoi. It’s allowed to have branches and offices in some big cities if getting the agreement of the State Bank.
T.T
