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VAMC bad debts exchange platform to soon receive approval


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. ....

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Nuclear power not under consideration for Vietnam at least for 10 more years


Nuclear power not under consideration for Vietnam at least for 10 more years
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 21/01/2021
  
10:04
GMT+7
The possibility of Vietnam developing nuclear power is low, according to the Energy Institute of the Ministry of Industry and Trade (MOIT).
The institute, in its draft report on Strategic Environmental Assessment of the National Energy Master Plan for 2021-2030 with a vision until 2050, is now open for opinions from relevant ministries and branches.
The report says that nuclear power can help ensure national security as this electricity source is stable and continuous. Nuclear power plants only stop generating electricity in cases of breakdowns and have a life span of over 50 years. ....

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