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Official Gazette

Monday, August 15, 2022
Tags: bad debt
Structured debt bad debt and enterprise debt trading Structured debt, bad debt and enterprise debt trading
The Government has submitted to the National Assembly a report on results of the settlement of bad debts under Resolution 42/2017/QH14.
Government resolves on sustainable capital market development Government resolves on sustainable capital market development
Mechanisms and policies will be further improved to develop a safe, transparent, efficient and sustainable capital market for stabilizing macro-economy and mobilizing resources for socio-economic development.
Legislators discuss implementation of socio-economic development plans Legislators discuss implementation of socio-economic development plans
National Assembly deputies on June 1 discussed the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022 as well as the settlement of bad debts of credits institutions.
Policies in support of post-pandemic economic recovery translated into legal texts Policies in support of post-pandemic economic recovery translated into legal texts
Since early 2020, the complicated situation of the COVID-19 pandemic has severely affected the nation’s economy as well as many aspects of life and society. To address this, from April 2020 to July 2021, the Government rolled out several fiscal and monetary policies to help stabilize the national economy and ensure social security for the people.
Bills and resolutions to be discussed in next session of 15th National Assembly Bills and resolutions to be discussed in next session of 15th National Assembly
In the third session of the 15th National Assembly (NA), five bills and four resolutions will be discussed for approval, while six other draft bills will be open for comments.
IFC pledges to further support Vietnam IFC pledges to further support Vietnam
The International Finance Corporation will continue its support to Vietnam, especially in green growth, climate change response and increasing productivity in the private sector, IFC Vice President for Asia and Pacific Garcia Mora pledged on April 15.
Govt approves extension on bad debt settlement scheme Gov’t approves extension on bad debt settlement scheme
The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions under Resolution 47/NQ-CP dated March 29.
Strategy for State Audit development to 2030 adopted Strategy for State Audit development to 2030 adopted
Lawmakers agreed to promulgate a strategy for the development of State Audit from 2021 to 2030 at the 47th session of the National Assembly Standing Committee, which wrapped up in Hanoi on August 12.
Collateral foreclosure under resolution on pilot settlement of non-performing loans Collateral foreclosure under resolution on pilot settlement of non-performing loans
Since the National Assembly’s Resolution 42/2017/QH14 on the pilot settlement of bad debts of credit institutions was adopted on June 21, 2017, the bad debt settlement, particularly collateral foreclosure[1], by credit institutions and foreign bank branches in the country has seen some improvements. Aimed at addressing inadequacies of the precedent regulations on disposal of collaterals of bad debts, this Resolution itself contains some ambiguous points that need to be clarified.
Government makes strides in reducing business conditions Government makes strides in reducing business conditions
The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.

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