Topic: loophole

Valuation is revealing negative effects that distort economic transactions, especially causing loss of State assets in bidding, procurement, equitization and divestment. The Ministry of Finance is collecting comments on the Draft Amendment of the Law on Prices with many new regulations to prevent this problem.

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.