Prime Minister Nguyen Xuan Phuc speaks at the symposium (Source: VNA)Hanoi (VNA) – The Government held a symposiumin Hanoi on April 11 to collect feedbacks on a draft law on credit institution restructuring and bad debt settlement as wellas plans on amending laws relatedto the Law on Planning.
According to a report of the State Bank of Vietnam, after four years ofimplementing a project to restructure credit institutions, ineffective creditinstitutions were identified and restructured, avoiding bankruptcy and out ofcontrol.
Participants stressed the need to issue a separate law to deal with difficultiesin the process of restructuring ineffective credit institutions and solving baddebts.
Chairing the meeting, Prime Minister Nguyen Xuan Phuc said it is necessary tofinalise regulations on restructuring credit institutions and resolving baddebts, stressing that if the work is not accelerated, it will cause impacts on thecountry’s socio-economic development.
He agreed to map out a draft resolution of the National Assembly on resolvingbad debts, and a draft law on amendments and supplements to a number of articles of theLaw on Credit Institutions to submit to the NA for consideration.
The PM noted that the amendments and supplements to laws related to the Law on Planning must beconducted in line with the current regulations.
At its upcoming session from May 22, the NA will consider and discuss manyreports and draft laws, he stressed, asking the Government Office to workclosely with ministries and sectors to prepare relevant reports.-VNA
VNA
