- August 21, 2022
- Posted by: Marvin Garcia
- Categories: ADFIAP News, Members News
The project “Restructuring the system of credit institutions associated with bad debt settlement in the 2021–2025 period,” released by the State Bank of Vietnam (SBV), includes instructions for the banking sector on organizing the implementation of goals, tasks, and solutions for the restructuring work. This restructuring of financial institutions and credit institutions associated with settling debt within the period, as specified in the system credit institutions for debt settlement between 2021 and 2025, lays out precise and thorough remedies for each group or block of credit institutions in the banking industry. There are particular measures in the Banking Sector Action Plan for dealing with bad debts, including enhancing VAMC’s operating effectiveness, increasing financial capacity, and improving credit quality for lending institutions.