Credit institutions urged to handle bad debts
The State Bank of Vietnam has issued a document on the
implementation of the Prime Minister’s decision on dealing with credit
institutions’ bad debts and the establishment of the Vietnam Asset
Management Company.
The State Bank of Vietnam has issued a document on the
implementation of the Prime Minister’s decision on dealing with credit
institutions’ bad debts and the establishment of the Vietnam Asset
Management Company.
Under the document, the central bank requires credit institutions to basically handle current bad debts by the end of 2015 and improve credit quality, contributing to successfully implementing the project on restructuring the credit institution system in the 2011-2015 period.
Credit institutions are also asked to assess bad-debt situation and credit quality in 2011, 2012 and the first half of this year alongside rechecking bank loans and their potential risks, and evaluating loan borrowers’ financial capacity.
The central bank also urged credit institutions to propose solutions for settling bad debts and improving credit quality.-VNA
Under the document, the central bank requires credit institutions to basically handle current bad debts by the end of 2015 and improve credit quality, contributing to successfully implementing the project on restructuring the credit institution system in the 2011-2015 period.
Credit institutions are also asked to assess bad-debt situation and credit quality in 2011, 2012 and the first half of this year alongside rechecking bank loans and their potential risks, and evaluating loan borrowers’ financial capacity.
The central bank also urged credit institutions to propose solutions for settling bad debts and improving credit quality.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
Business
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
