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.
A resolution on bad debt would be the only way to resolve legal
obstacles for buyers to purchase bad debts, especially foreign
investors, Le Xuan Nghia, member of the National Financial and Monetary
Policy Advisory Council, has said.
The Ministry of Construction earlier this week sent a document to its
building corporations, asking them to submit plans for debt resolution
to the ministry before April 25.
