The State Bank (SBV) has recently sent a report to the National Assembly on the implementation of post-questioning resolutions. Accordingly, from 2012 to the end of March 2019, the whole system of credit institutions handled 907.3 trillion dong of bad debts. Particularly in 2018, the processing amount was 163.14 trillion dong.
By the end of March, the internal bad debts of the whole system were 2.02%. At the end of 2018, this rate was 1.89%, the end of 2017 was 1.99 percent and the end of 2016 was 2.46%.
Internal bad debts, unpaid debts to Vietnam Assets Management Company (VAMC) and potential bad debts was 5.88%, down sharply from 7.36 percent at the end of 2017 and 10.08 percent at the end of 2016.
SBV added that bad debt settlement results were determined according to Resolution 42. Accumulated from August 15, 2017 to the end of March 2019, the whole system handled 227.86 trillion dong of bad debts, in which internal bad debt settled reached 117.8 trillion dong.
For the purchase of debts via special bonds, accumulated from 2013 to March 2019, VAMC bought 338.849 trillion dong of internal bad debts, corresponding to the debt purchase price of 307.567 trillion dong.
Regarding the purchase of debts according to the market value, accumulated to March 2019, VAMC bought 46 debts with the original debt value of 5.882 trillion dong and the purchase price reached 5.96 trillion dong.
From 2013 to March 2019, VAMC cooperated with credit institutions to recover debts estimated at nearly 120.512 trillion dong. Especially since the Resolution 42 took effect, VAMC’s debt recovery results in 2017 and 2018 were estimated at 67.891 trillion dong, nearly 57 percent of the total recovered debts during the period.
