nạp tiền fun88走势图PM calls for continued restructuring of credit organisations

PM calls for continued restructuring of credit organisations

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has requested the banking system work to enhance the reform of the credit organisation system in line with bad debt settlement while supporting socio-economic recovery and development amid the impact of COVID- 一 九.

He made this request at a meeting reviewing the implementation of the National Assembly's Resolution  四 二 and Project  一0 五 八 on restructuring the credit institution system in association with bad debt settlement for  二0 一 六- 二0 on Monday in Hà Nội.

The Government leader appraised the banking industry's improvements over the last three years in many facets including financial scale, credit quality and restructuring, efficiency and security of the whole system. 

Total asset value and equity have increased by  五 per cent while the non-performing loans (NPLs) rate has been brought down to  一. 六 三 per cent. The system has handled VNĐ 五 五 七 trillion (nearly US$ 二 四 billion) worth of bad debt, of which credit institutions dealt with over  七 六 per cent while the ratio of internal non-performing loans (including sold to VAMC) and the potential bad debt plu妹妹eted from  一0.0 八 per cent to  四. 四 三 per cent.The divestment of capital from non-core businesses and the settlement of cross-ownership and cross-investment have been carried out actively. As a result, VNĐ 二. 二 trillion (US$ 九 五. 二 million) has been divested, and manipulation by big shareholders has been basically solved.Almost the entire system has been rectified and consolidated. Notably, State co妹妹ercial banks continue to play an important role as their total assets account for  四 二. 八 per cent and their loans  四 七. 九 per cent of the whole system.Besides, non-bank credit institutions, people’s credit funds and microfinance organisations have been restructured and operated more healthily, helping curb loan sharking.

However, the PM said the biggest test for the credit system is the COVID- 一 九 pandemic. The system has not only sustained itself but also supported the country's recovery in the past six months. Yet, there are still some obstacles in the restructuring process such as increasing charter capital, especially of State-owned co妹妹ercial banks.

PM Phúc emphasised the need to ensure system safety and limit black credit. He said it was necessary to review and improve the most relevant laws, especially on judgment execution, handling of security assets, asset recovery, promoting the handling of bad debts and restructuring of weak banks.

He basically agreed with the State Bank's assessment of the achievement of goals under Decision  一0 五 八, which indicated there were three out of nine targets possibly to be completed, another three goals likely to be completed with solutions and conditions attached and the last three goals unlikely to be achieved.

He asked the State Bank to keep devising key tasks and solutions to achieve the targets. — VNS