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July 06, 2022 | 10:20

Concerns ease over Covid-related bad debts

A Circular from the State Bank of Vietnam (SBV) on allowing credit institutions to restructure debt repayment terms and exempt or reduce interest rates and fees in order to support customers affected by Covid-19 became effective on June 30. Banks actively setting up risk provisions has eased concerns over bad debts due to Covid-19.

Concerns ease over Covid-related bad debts
Photo: Illustration

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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