Deputy PM discusses bad debt settlement with VAMC
Deputy Prime Minister Vuong Dinh Hue and the Vietnam Asset Management Company (VAMC) discussed the settlement of bad debts during a working session in Hanoi on April 27.
Deputy Prime Minister Vuong Dinh Hue (Source: VNA)Chairman of the VAMC board of directors Nguyen Quoc Hung said the VAMC has purchased more than 24,500 debts worth over 244 trillion VND (11 billion USD).
The VAMC has worked closely with the State Bank of Vietnam (SBV) to build a legal corridor for debt trading, he said, adding that it has also classified purchased bad debts, to adopt appropriate solutions.
Hue admitted that VAMC still meets difficulties involving mechanisms, legal regulations and management.
The Deputy PM said he requested the SBV review the three-year implementation of the Prime Minister’s decision on bad debt settlement among credit organisations, thereby devising a similar scheme for 2016-2020 in which those regarding legal regulations, market development and VAMC’s improved efficiency must be specified.
Relevant ministries must closely liaise with the banking sector during the process, he stated.-VNA
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
Politics
Vietnamese Party official receives Chinese Minister of Justice
Politburo member, Chairman of the Communist Party of Vietnam (CPV) Central Committee’s Commission for Internal Affairs Phan Dinh Trac hosted a reception in Hanoi on April 19 for He Rong, member of the Political and Legal Affairs Commission of the Communist Party of China (CPC) Central Committee and Minister of Justice.
Politics
Disciplinary measures decided on Party organisations, members
The Politburo and the Party Central Committee’s Secretariat held a meeting in Hanoi on April 14 to decide disciplinary measures on a number of Party organisations and members committing violations.
Politics
☕ Afternoon briefing on April 19
The following is a brief review of the day’s events as reported by the Vietnam News Agency.
Politics
Deputy PM visits Venezuela, aiming to deepen friendship
Deputy Prime Minister Tran Luu Quang on April 17 paid floral tribute to President Ho Chi Minh at his monument in Caracas capital city, the first activity of his three-day official visit to Venezuela.
Politics
☀️ Morning digest April 19
The following is a list of selected news summaries reported yesterday by the Vietnam News Agency.
