VAMC bad debts exchange platform to soon receive approval 09:05 | 02/02/2021 The Vietnam Asset Management Company (VAMC) bad debts exchange platform will be approved by the central bank at the beginning of 2021. Doan Van Thang, general director of VAMC said that in 2020, the firm bought a total of 281 bad debts by special bonds, with a total value of around VND15.218 trillion ($661.65 million), nearly completing the initial target assigned by the State Bank of Vietnam (SBV). VAMC will soon put its bad debts exchange platform in operation VAMC also handled and cooperated with credit institutions to handle the collection of non-performing loans (NPLs) with VND47.515 trillion ($2 billion) of principal balance (temporarily calculated), reaching 95.03 per cent of its plan for 2020.