Resolution dealing with bad debt applies to the before 15/8/2017, so how bad debt after that time?

The delinquation of bad debt to be dealt with by 15/8/2017, according to the Standing Committee of the National Assembly, is to secure resources to focus on dealing with bad credit that is hindering the operation of the system. Bank, avoid the CI may abuse the provisions of the Resolution.


On June 21, the National Assembly passed Resolution on handling bad debts of Credit Institutions, applying from 15/8/2017.

In the notable resolution is the range of bad debt is applied to the debt incurred before 15/8/2017. At this point, the question is, why is there such a number, when in the draft Government submitted is divided into two options: before 31/12/2016 and after 2016?

During the discussion sessions on the draft resolution, many delegates suggested that debt should be dealt with before December 31, 2016, as this would prevent the beneficiaries from deliberately misusing the rules. It is easier to get away with bad debt, as well as avoid unnecessary risks. Some argue that such debt is frozen for processing and has time to test the results, if good re-fixes the resolution applicable to the latter.

Representatives in the banking industry, including two former governors, Nguyen Van Giau and Nguyen Van Binh and current Governor Le Minh Hung, have the same view that bad debt is bad debt should not be in favor with debt Bad old. The resolution applies to both bad debt and new bad debt will make the process of dealing with bad debt more favorable, helping the economy have more capital to develop.

The head of the banking industry now reports that after five years, despite the effort to deal with bad debts, with a credit growth rate of 16% per annum, the system will generate an additional VND350 trillion in bad debt. Previously, data until 31/12/2016 shows that there are about 600 trillion bad debt exists in the banking system, including the latent debt and debt sold to VAMC untreated.

Due to dissent, the National Assembly has used the measure to get votes. But the final result shows that the voting on the two options is not significant difference and can not be too much to decide.

Finally, after deliberation, the Standing Committee of the National Assembly found that in order to ensure the implementation of the objective of dealing with bad debts of the system of credit institutions as set out in Resolution No. 05-NQ / TW of the Association The 4 th National Assembly Term XII and Resolution No. 24/2016 / QH14 of the National Assembly on the restructuring plan for the period 2016-2020, striving to 2020 by bad debts of credit institutions to less than 3% . On the other hand, this is a specific pilot resolution dealing with bad debts arising in the recent past, so it is necessary to have appropriate policies to deal with bad debts arising from credit operations. Prior to the effective date of this Resolution, it was determined on August 15,

The Standing Committee of the National Assembly said that setting the scope of NPLs to be handled under the deadline of 15/8/2017 would ensure resources to focus on dealing with bad credit that is hindering the operation of bad debts. The impact of the banking system, avoid the possibility of credit institutions to abuse the provisions of the Resolution to deal with bad debts of debts arising later.

With debts arising after this time, according to the Standing Committee of the National Assembly, the State Bank should strengthen the direction of restructure the system of credit institutions, issue and apply the standards of banking management Higher risk, reasonable in accordance with international practices to minimize the occurrence of new bad debt.

After the implementation of the Resolution, the Government will review, evaluate and propose amendments to the relevant legal system to deal with bad debts arising regularly and at risk in operation. Currency trading of the banking system.

It is known that at the fourth session of the XIV National Assembly in October, the National Assembly will continue discussing and approving the amendments and supplements to some articles of the Law on Credit Institutions. Delegate Tran Hoang Lan delegation TP. Ho Chi Minh City, amendments to this specialized law will have a great impact on the system, especially the restructuring of credit institutions.

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