Advice not to Release 100 Thousand Billion VN Dong to Buy Bad Debts
June 28, 2012

Advice not to Release 100 Thousand Billion VN Dong to Buy Bad Debts

June 28, 2012

Source: VnEconomy (Vietnamese)

Thursday, 06/28/2012

By Nguyen Xuan Thanh

Nguyen Xuan Thanh discussed other more efficient way of solving bad debts in comparison to “temporarily release 100 trillion dong, withdrawing from circulation after bad debts recovered”. In essence, he focused on the operation of Debt Settlement company of the State Bank solving bank debts in parallel with Debt Purchasing company of the Ministry of Finance, solving businesses debt. He also touched on the implementation of two different methods to handle debts: acquire the debts then sell of as soon as possible or restructuring bad debts purchased.

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