| dc.description.abstract | During such emergent period of time when NPL issue has been threating banks
insolvency, Vietnam Asset Management Company became the most controversial topic
since July, 2013. As a matter of fact, rising NPL made banks’ balance sheet less attractive
to investors. Moreover, banks dominate the financial system, like most Asian financial
system, hence, should banking sector fail; it would affect the whole financial system. For
the current situation, a public AMC is a typical choice to rapidly dispose NPL. Asset
Management Company is a financial tool of government to deal with NPL issue. Public
AMCs is a safe and least damaging solution for any government to restructure their
banking system. This model of restructuring has been a success all over the world, by
taking example of regional countries, the paper studies international experiences from
China, Malaysia, South Korea and Japan in the extent of operating a public AMC based
on specific criteria. Eventually, those experiences gave Vietnam lessons of success so
that VAMC may consider for its context. Besides, VAMC model is analyzed to see
whether it is appropriate or not through by both academic proof and insightful opinions
from experts and bankers. The paper ends up with some suggestions for VAMC operating
model for the ten-year time. This paper shall be helpful for those who is interested in
public management Asset Company and its application in Vietnam – the Vietnam Asset
Management Company. | en_US |
