AGREE TO EXTEND EFFECT OF RESOLUTION 42 ON PILOT HANDLING OF NON-PERFORMING LOANS
On March 25, 2022, the Government issues the Resolution No. 45/NQ-CP approving the proposal for formulating a National Assembly’s Resolution on extension of the effect of the National Assembly’s Resolution No. 42/2017/QH14 on pilot handling of non-performing loans of credit institutions.
Specifically, the Government approves the State Bank of Vietnam’s proposal for formulating a National Assembly’s Resolution on extension of the effect of the National Assembly’s Resolution No. 42/2017/QH14 dated June 21, 2017 on pilot handling of non-performing loans of credit institutions.
Besides, to assign the State Bank of Vietnam to assume the prime responsibility for, and coordinate with related agencies in, expeditiously studying and formulating a National Assembly’s Resolution on extension of the effect of the National Assembly’s Resolution No. 42/2017/QH14 of June 21, 2017, on pilot handling of non-performing loans of credit institutions, for submission to the National Assembly under regulations, ensuring the quality, effectiveness, promptness and compliance with prescribed order and procedures and laws.
This Resolution takes effect on the date of its signing.
