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That is the assessment of the State Bank of Vietnam (SBV)’s Binh Duong Branch on the results of the restructuring of the system of credit institutions in association with handling bad debts in the province. Accordingly, the representative of the SBV’s Binh Duong Branch said that the branch paid attention to inspection and supervision over  the People's Credit Funds (PCFs), contributing to helping the local credit institutions work stably. Reportedly, province-based PCFs have reached stable operation, further growing in scale and improving their operational quality.

In addition, the SBV has drastically instructed the local PCFs to implement restructuring and accelerate the handling of bad debts. As a result, the province has so far had no weak PCF, violating the law. Along with that, the management of PCFs is basically stable with the quality well controlled, the ratio of bad debts within the allowed limit ...

Reported by Thanh Hong-Translated by K.T