Beg said the Government's current plan to handle the bad debt problems of banks? The Government plans to privatize the commercial bank owned by the State?In the past two years, Vietnam has vigorously implemented the project of restructuring the system of credit institutions and the project to handle the bad debt. Through it, we were in control of the situation of the joint stock commercial bank weaknesses, securing the safety and liquidity of the system of credit institutions, strengthen the Executive management of the commercial banks in General, especially risk management system crashes the international practices and standards. According to international experience, we have established property management company of the credit institutions in Vietnam from July 2013. As of the end of month 3/2014, VAMC was initially successful in buying at around 48 trillion bad debt, and is expected to buy about 70,000-100,000 billion of bad debt TCTD system by special bonds in 2014.
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