Legal framework and tools to handle bad debts need improvement

A loophole left by Resolution No. 42 that will expire on August 15, 2022, will prolong the bad debt settlement process, affect the restructuring of the credit institution network, and discourage investors from participating in handling bad debts and mobilizing capital at home and abroad. Many National Assembly deputies have therefore agreed with a government proposal on extending the Resolution, but said it is necessary to complete the legal framework and develop a debt trading market.