Gradually "revealing" business results, bad debts of some banks increased

Gradually "revealing" business results, bad debts of some banks increased

VCN - Up to now, a number of banks have announced their business results for the second quarter and the first six months of 2023, in which some banks strongly increase in profit but others have a decrease in profit.
Banking sector focuses on credit institution restructuring associated with bad debt settlement

Banking sector focuses on credit institution restructuring associated with bad debt settlement

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
The banking sector continues to promote system restructuring and bad debt handling

The banking sector continues to promote system restructuring and bad debt handling

The financial potential of the entire credit institution system in Vietnam is still low, so the SBV has continued to issue an action plan on restructuring the system associated with bad debt settlement in 2021-2025.
NA agrees to extend pilot resolution on bad debt settlement until end 2023

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

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.
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.
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