A number of banks have offered for sale debt and collateral to recover and handle bad debts in the first half of last month.

The Government Portal said that according to Official Letter No 1251/VPCP-KTTH dated February 28, Prime Minister Pham Minh Chinh asked the Governor of the State Bank of Viet Nam to check the information on banks offering debt and collateral for sale.

Specifically, the Government Office recently received Report No 96/2023/TTDT dated February 20 of the Government Portal on information, press and public opinion related to the direction of the work, administration, including the content of banks offering debt and collateral reported by the press.

In the first half of last month, a number of banks, including Agribank, VietinBank, BIDV, NCB and Sacombank offered for sale debt and collateral to recover and handle bad debts.

In particular, the assets brought to auction are mainly real estate.

Notably, in addition to debts with large values from several hundreds of billion to trillions of dong, banks also offer unsecured consumer loans with low values.

Regarding this, Prime Minister Pham Minh Chinh asked the Governor of the State Bank of Viet Nam to check the above information. — VNS