New law promotes real estate-related bad debt settlement

Tuesday, Jul 30, 2024

Instead of having to transfer all of a real estate project as collateral to recover bad debts, banks will have the right to transfer part of the project.

Extension of pilot resolution on bad debt settlement proposed

Tuesday, Jan 09, 2024

According to HoREA, the pilot resolution has d conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.

Government to write new draft on bad debt settlement

Tuesday, Jul 26, 2022

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

Monday, Jun 20, 2022

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

Viet Nam plans to reduce number of credit institutions

Saturday, Jun 11, 2022

The country will reduce the number of credit institutions and basically finish the settlement of poor-performing banks by 2025 to make the banking system develop healthily and sustainably.

NA agrees to extend pilot resolution on bad debt settlement until end 2023

Friday, Apr 15, 2022

The National Assembly (NA)’s Standing Committee has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.

Gov’t approves extension on bad debt settlement scheme

Wednesday, Mar 30, 2022

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

Thursday, Mar 24, 2022

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

Tuesday, Mar 15, 2022

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.

Law on bad debt settlement urgently needed: experts

Friday, Feb 25, 2022

Experts said a law on bad debt settlement should be put in place before two regulations expire in six months.

Central bank proposes new law on bad debt settlement

Thursday, Oct 07, 2021

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

Thursday, Aug 26, 2021

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.

PM calls for continued restructuring of credit organisations

Wednesday, Jul 29, 2020

The Prime Minister has requested the banking system work to enhance the reform of the credit organisation system in line with bad debt settlement amid the impact of COVID-19.

Eximbank’s profit up 160% in 2017

Wednesday, Feb 07, 2018

Viet Nam’s Export Import Commercial Joint Stock Bank (Eximbank) posted a pre-tax profit of VND1.017 trillion (US$44.6 million) last year.