Vietnam Central Bank Issues Regulation on Classification of Restructured Debts

25-Apr-2012 Intellasia | SBV | 7:05 AM Print This Post

The State Bank of Vietnam (SBV) on April 23 issued Decision No. 780/QÐ-NHNN on the classification of debts that have been restructured or adjusted for repayment periods, the central bank said on its official website Monday.

Accordingly, the central bank allows credit institutions to uphold the loan classification of business debts after being restructured or adjusted for repayment periods if enterprises operate well and have good debt repayment capacity.

The new regulation takes effects from the date of signing.


Category: Legal

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