Regarding the issue of special lending authority of the State Bank of Vietnam (SBV), delegate Tran Thi Thu Dong (Bac Lieu delegation) said that this regulation has the advantage of allowing the SBV to make quick decisions in situations of system risks or liquidity crises.
According to the delegate, this regulation has disadvantages when lending without guaranteed assets with 0% interest rate, so there is no control and transparency mechanism for risk issues. Therefore, the delegate proposed to add a requirement for the SBV to periodically report to the Government and the National Assembly on special loans, borrowers, amount, term, and results.
Clearly stipulate the criteria for beneficiaries of special loans, avoid being abused to rescue weak credit institutions that do not meet the conditions.
Regarding the guaranteed right to keep assets, the delegate said that the draft has affirmed the right to keep on the basis of contract agreements and respect for civil liberties. The delegate said that there is currently a lack of a monitoring mechanism when seizing, and suggested that there should be supervision and witnessing by representatives of local authorities and judicial agencies in case of confiscating disputed assets.
Delegate Pham Van Hoa (Dong Thap Delegation) expressed his support for lending, borrowing must be paid and borrowing must have guaranteed assets.
Regardless of the case between the customer and credit institutions, the contract has an agreement on collateral, when the incident occurs, if the customer is not eligible to pay interest and capital to the bank, he / she has the right to distribute the property forever.
Therefore, according to the delegate, in any case, priority is given to credit institutions to implement customer's collateral for loan cases.
In addition to the above case, the delegate also suggested that if credit institutions and credit institutions have negative results, they must be strictly handled according to regulations. The delegate cited that many cases have occurred in the past, with collateral and mortgaged assets worth only 1 billion VND, but bank and credit institution officials have lent up to 1.5 billion VND.
When a problem occurs, the sale of assets only earns 1 billion VND. Therefore, the delegate emphasized the need to strictly regulate the responsibilities of credit institutions and bank officials.
Regarding the authority to provide special loans with 0% interest rates and no guaranteed assets, the delegate agreed that the draft law would assign this authority from the Prime Minister to the Governor of the State Bank to ensure the goal of decentralization and delegation of power.
At that time, the SBV will be fully responsible for lending without collateral and the interest rate of 0%. However, because this is a very big problem, as recently when an incident occurred, the state budget had to spend money to ensure the safety of the banking system, avoiding collapse.
According to the delegate, it is necessary to stipulate specific conditions for lending. Because there are still some credit institutions and commercial banks under special control of the State Bank. We must control and prevent these subjects from relying on the state budget, not leaving it "to spend when there is money, the whole thing the state has to spend" to ensure the system.
