Debt firm auctions off seized high-rise in Saigon to clear $308mn bad loan
Saigon One Tower was mortgaged for the massive loan which eventually became bad debt
Saigon One Tower was mortgaged for the massive loan which eventually became bad debt
The Vietnam Asset Management Co has resolved US$572.69 million in bad debts so far this year
The Debt and Asset Trading Corporation (DATC) is one of the government's tools to help unload bad debts and unused assets, mostly in state-owned enterprises