The SBV has a framework in place for dealing with bad debts for the Project
- 197
- Business
- 20:24 11/08/2022
DNHN - The plan was designed in accordance with Decision No. 689/QD-TTg and the Scheme's contents, carefully following the views, orientations, aims, tasks, and solutions to reorganize the credit institution handling system. Decision No. 689/QD-TTg and Scheme specify the bad debt management period 2021-2025.
The governor of the State Bank of Vietnam has released the Banking Sector Action Plan for the period 2021-2025 to undertake the Project "Restructuring the System of Credit Institutions Associated with Debt Settlement" (Action plan of the banking sector).
The Action Plan's purpose is to implement the State Bank's direction to the banking industry units in organizing the implementation of the objectives, tasks, and solutions for restructuring the system of credit institutions (CIs) associated with bad debt settlement in the 2021-2025 period specified in Prime Minister's Decision No. 689/QD-TTg dated June 8, 2022.
In which the plan is built under Decision No. 689/QD-TTg and the Scheme's contents, closely following the viewpoints, orientations, objectives, tasks, and solutions to restructure the system of credit institutions associated with bad debts for the period 2021-2025 mentioned in Decision No. 689/QD-TTg and the Scheme; maintain the proactive spirit, efforts of each unit, and cooperation and coordination between units within and outside the banking industry to be determined to effectively implement the set goals, tasks and solutions.
Concerning tasks, solutions, and unit division: Improving the legislative framework for currency, banking operations, reorganizing the credit institution system, and dealing with bad debts based on complete conformity with market economy rules, international practices, and Vietnam's conditions.
Simultaneously, there are solutions to help with monetary policy management. Increasing the effectiveness of banking inspection and oversight; Improving the banking inspection and supervision team's capabilities and quality; Improving communication skills.
To increase the efficiency and operational quality of the credit institution system, it is required to improve financial capacity, credit quality, operational efficiency, business administration, and transparency in credit institution operations.
Simultaneously, update the bank and increase its competitiveness. Creating a digital banking model and putting the Banking Sector Digital Transformation Plan into action; The advancement of cashless payments; Continuing applying and implementing Basel II; Creating a credit institution network; Improving the efficiency with which credit capital is allocated; Encouraging green financing, green banking, and investment in low-carbon manufacturing and consumer industries. Non-credit service activity development
Furthermore, the Banking Sector Action Plan includes specific provisions on handling bad debts, such as: handling bad debts, improving credit quality for credit institutions; improving VAMC's financial capacity and operational efficiency; and specifying specific and detailed solutions for each group/block of credit institutions.
PV
Related news
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
Đọc thêm Business
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.
Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
The outbreak of conflict in Iran since late February 2026 is sending significant shockwaves through the global economy.
After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
The article “When the Tech Unicorn Dream Is Undermined by Careless Capital-Raising Funds” pointed out legal risks and financial structural issues in the fundraising model related to the uST ecosystem.
When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
From a market operating in the "grey zone," cryptocurrency in Vietnam is entering a phase of reshaping as a series of Government orientations, decrees, resolutions related to digital assets, financial security.
When the tech unicorn dream is undermined by reckless fundraising structures
A green transport technology project in Belarus, thousands of kilometers from Vietnam has continued to attract capital from a significant number of Vietnamese investors.
From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
At a pivotal moment of transition, New Year messages from capitals such as Hanoi, Beijing, Washington and Paris reflect distinct priorities and strategic visions.
Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
"Your network is your most powerful flowing asset. It generates value, multiplies opportunities, and accelerates your influence across borders."
Innovative ESG enterprise: Trạm Xe Việt startup proposes solutions to build a green mobility ecosystem
As Vietnam commits to achieving Net Zero by 2050 and tightens emissions standards, the transportation sector faces unprecedented pressure to transform.
Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
On the morning of November 26, 2025, Deputy Prime Minister Nguyễn Chí Dũng chaired a high-level working session at the National Innovation Center (NIC) in Hòa Lạc.