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collaterals

VAMC to auction half-completed tower for at least $268 million

Saigon One Tower project which has been suspended for six years in Ho Chi Minh City now has the chance to be revived by the new investors through a public auction which is scheduled to be held in early April.

Banks intensify seizure of collaterals to relieve breach of debt obligation

After the Vietnam Asset Management Company (VAMC) seized Saigon One Tower project as a collateral, many banks made similar moves with customers violating the debt obligations.

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