1. A new strict rules than the State Bank of Vietnam has just been issued, which will take effect immediately, to reduce bad debt ratio of the entire banking system. 2. State Bank of Vietnam has instructed commercial banks and tightened stock lending conditions for businesses to operate.3. tough move aims to limit the financial risk which related to loan activities and mobilization. But it obstructing the business from the access to capital sources to restore the economy stagnated.4. banking experts believe that this new policy should be postponed until next year because if it applies right now then there will be a lot of real estate business are forced to declare bankruptcy because of the huge debts of their present, but this can cause tremendous consequences for the economy.5. A solution being considered is that bad debts would be sold to Vietnam asset management company (VAMC), the newly formed company last month to assess the situation of bad debt, bad debt restructuring and implementing appropriate solutions.6. The Deputy Director informed the State Bank commented that the banking industry will not achieve the goal of credit growth in the year that has been reaching out early years is 12%. However, the Agency and the bank concerned must comply and implement immediately and seriously to this new regulation..
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