fear being discredited if postponed circular again 02 more 1
According to the roadmap, Circular 02 applies from January 6/2014. However, financial markets remain difficult in 2014 Vietnam improved making bad loans continued to rise, the large provisioning. Bad debts of some credit institutions have overcome debt capital. If applicable international standards Toward Circula 02, volume will be very large bad debts, can cause the system to crash. The financial situation of Vietnam continued to stand before the old threats and the situation is like in 2013. Affected by Circular 02 include banks, Firms, information users and bank regulators. Banks and Firms want to apply as late as possible. Firstly, the credit institution, subject to applicable last year fought to delay a year to bad debts. In late 2013, many credit institutions proposed options for further delay the application of Circular 02 to 2015. Second, enterprises benefit from Decision 780 and thus far survived. If leave to apply Decision 780 and adopted the Circular 02, the business will cease operations up to thousands a year, instead of a few thousand today. Information users, mà Representatives for the free market, Especially from international market (eg World Bank) wants Vietnam financial market soon follow international standards.
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