Law on Credit Institutions
The State Bank explains the conditions for a special loan of 0%
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The State Bank explains the new draft Circular. Accordingly, credit institutions that are withdrawn money but not subject to special control will have to use other support channels with interest rates.
86% of people trust banks, but only 35% know about deposits
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According to a survey of households and individuals, up to 20% of people do not know; 45% have heard or know about deposits at credit institutions.
Clarifying the Commune People's Committee's participation in confiscating collateral when handling bad debts
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The Law on Credit Institutions (amended) stipulates that the People's Committee of the commune where the collateral is seized participates in witnessing and signing a record of the collateral seizure.
Not everyone is eligible for special loans, interest rates of 0%, no guaranteed assets
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Governor Nguyen Thi Hong affirmed that the special loan with an interest rate of 0%, without collateral, is only applicable in special and urgent cases.
Assets secured by 1 billion but banks lend up to 1.5 billion VND
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On the morning of May 29, the National Assembly discussed in the hall the draft Law amending and supplementing a number of articles of the Law on Credit Institutions (CIs).
It is necessary to soon legalize the handling of bad debts after Resolution 42 has expired
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HCMC - Resolution 42 on bad debt handling has expired, causing difficulties for credit institutions, experts recommend early legalization to stabilize the financial market.
The chain could break if the mass withdrawal of money was not prevented in time
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The National Assembly delegate said that cases of mass withdrawals without early handling will cause serious consequences, breaking the chain.
Submitting to the National Assembly specific mechanisms and policies for social housing development
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During the session, the National Assembly will listen to the presentation and report on the review of the draft Resolution on piloting a number of specific mechanisms and policies for social housing development.
Amending the Law on Credit Institutions - handling bad debts, supporting growth of 8%
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The draft amendment to the Law on Credit Institutions (CIs) was born in the context of bad debt increasing again, the economy set a growth target of 8%, and it is necessary to legalize the right to detain bad debt assets.
Proposal to legalize regulations on banks being allowed to confiscate assets
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The State Bank proposes to legalize the regulation of prioritizing the confiscation of collateral assets, helping banks handle bad debts faster and limiting prolonged disputes.
