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Vietnam, Korea strengthen ties over financial stability seminar



Vu Ne Tang, the acting chief of Vietnam's National Financial Supervisory Commission, expressed appreciation for Korea's guidance on managing distressed loans during a visit to Korea. Tang and other high-ranking officials from Vietnam's Ministry of Finance, Ministry of Planning and Investment, and the State Bank of Vietnam attended a seminar hosted by Korea Asset Management Corp. (KAMCO) on April 25. Tang praised Korea's effective management of distressed loans during the late 1990s Asian Financial Crisis, noting it as an exemplary model. Discussions at the seminar focused on Korea's experience with distressed loans, credit recovery programmes, and enhancing Korea-Vietnam financial cooperation. Tang believes the insights gained will improve Vietnam's financial market and stability.


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