| VAMC to have new leaders |
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12/24/2016 12:49:24 PM The Vietnam Asset Management Company (VAMC) is expected to have new board chairman and general director from January 1 next year, a source told the Daily. Nguyen Quoc Hung, the current chairman of VAMC, would leave VAMC for a new position at the State Bank of Vietnam. He would be replaced by a senior manager from the central bank, the source said. Meanwhile, VAMC general director and board member Nguyen Huu Thuy will retire and the current deputy general director, Doan Van Thang, would succeed him.
In the year to date, VAMC has bought bad debts totaling VND23.8 trillion in book value from 18 credit institutions for VND22.92 trillion, Hung told the Daily.
Since its debut, VAMC has spent VND230.32 trillion buying VND264.75 trillion worth of bad debts of 15,656 customers at 42 banks.
From now until the year-end, the company will buy an additional VND8-9 trillion of bad debts at eight banks.
Born in 1960 in Hanoi, Hung has worked as VAMC’s board chairman since May, 2014. Thuy, 58, took up the post of general director at the company in July 2013, when Doan Van Thang, 52, was named deputy general director. |
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