NA discusses credit institutions-related issues Politics

NA discusses credit institutions-related issues

A draft resolution on the settlement of bad debts at credit institutions and a bill on amendments and supplements to the Law on Credit Institutions were high on the agenda of the National Assembly (NA)’s sitting on June 7.
Bad debt ratio to be slashed to 3 percent Business

Bad debt ratio to be slashed to 3 percent

The Government has proposed to the Party Central Committee and the National Assembly a scheme that will reduce bad debts in the nation's banking system this year to three percent of total lending.
Business

Credit rating agencies to be launched

Domestic credit rating agencies (CRA) will be established in the country for the first time, marking a new stage in the development of the domestic finance market.
Business

Banking reform should match international norms

Adopting international standards and limiting cross-ownership are among key measures that will ensure Vietnam's banking sector reforms are effective, Michael Krakowski, Director and Chief Technical Advisor of the GIZ Macroeconomic Reform Programme, tells Vietnam News Agency’s English-language daily Viet Nam News.