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Topic: restructure debt repayment terms

Concerns ease over Covid-related bad debts

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.
10:20 06/07/2022

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LICENCE No. 272/GP-BTTTT DATED JUNE 26, 2020 BY THE MINISTRY OF INFORMATION AND COMMUNICATIONS

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