Gov’t discusses measures to address bad debt, weak credit institutions

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Báo điện tử CP English - 2 week(s) ago 1 readings

VGP – PM Nguyen Xuan Phuc on April 11 chaired a Government’s meeting on law establishment to discuss the Law project on restructuring credit organizations and addressing bad debt, and suggestions on amending and supplementing laws related to the Planning Law.

Photo: VGP/Quang Hieu

According to the State Bank of Viet Nam (SBV), after four years of realizing the credit organizations restructuring plan in the 2011-2015 phase, weak credit organizations have been restructured. The safety of credit organizations and the assets of the State and people have been ensured. The quality of credit and treatment of bad debt have been controlled.

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