Tags

42

Government to write new draft on bad debt settlement

Government to write new draft on bad debt settlement

The national legislature has requested the Government to write a draft to prepare for the expiration of Resolution 42 on bad debt settlement and hand in the draft no later than May 2023, but insiders say the deadline is tight.
NA approves extension of pilot bad debt settlement resolution

NA approves extension of pilot bad debt settlement resolution

The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.
Govt approves extension on bad debt settlement scheme

Gov’t approves extension on bad debt settlement scheme

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the bad debt settlement of credit institutions based on the pilot Resolution 42/2017/QH14.
Suggestions for banks amid mounting bad debt

Suggestions for banks amid mounting bad debt

Resolution 42 on bad debt settlement, which is a pilot legal document that took effect on August 15, 2017, will expire in August this year. Economic expert Nguyen Tri Hieu talks to Vietnam News Agency about the situation.
Pilot resolution on bad debt settlement proposed to be extended until 2025

Pilot resolution on bad debt settlement proposed to be extended until 2025

The State Bank of Viet Nam (SBV) has proposed to continually handle bad debts of credit institutions based on the provisions of pilot Resolution 42/2017/QH14 until 2025 instead of this year.
Central bank proposes new law on bad debt settlement

Central bank proposes new law on bad debt settlement

The State Bank of Vietnam (SBV) has proposed to issue a separate law on bad debt settlement. The new law would be based on the provisions of Resolution 42/2017/QH14 to ease the work of settling bad debts.
Law on bad debt settlement proposed

Law on bad debt settlement proposed

The Government needs to issue a law on bad debt settlement for credit institutions as a pilot resolution on the issue will expire next year, experts said.
Postive changes made to resolve bad debt

Postive changes made to resolve bad debt

The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
Tight monetary policy not likely to have major impact on property, securities: analysts

Tight monetary policy not likely to have major impact on property, securities: analysts

The State Bank of Viet Nam has shown it is determined to continue with a tight monetary policy for the rest of the year with its decision to refuse to increase bank’s credit limits to constrain inflation and strictly control...
Detailed guidance needed to tackle bad debt: experts

Detailed guidance needed to tackle bad debt: experts

Settling non-performing loans (NPLs) has been easier since the application of Nation Assembly’s Resolution 42 a year ago, but detailed guidance is still needed to make the use of the regulation smoother, industry insiders said.
Government issues new decree on multi-level marketing plans

Government issues new decree on multi-level marketing plans

The Government has issued a new decree which it says will help build a "clean and transparent multi-level marketing environment".
Bad debt measures go into effect

Bad debt measures go into effect

A National Assembly resolution on nonperforming loans takes effect tomorrow with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.
SSI to expand business to derivative securities

SSI to expand business to derivative securities

Shareholders of the Saigon Securities Inc. (SSI) approved yesterday on the company''s expanding its operation into the derivative securities business.
Luxury cars dominate international motor show

Luxury cars dominate international motor show

About 200 car dealership contracts were signed during the Vietnam International Motor Show (VIMS 2015), which ended on Tuesday in the capital city.
VNs derivatives market to open with future contracts

VN's derivatives market to open with future contracts

The finance ministry has asked the State Securities Commission (SSC), Ha Noi Stock Exchange and Vietnam Securities Depository to prepare for the derivatives market launch by the end of 2016.