According to international practice, the bad debt ratio exceeding 3% of the total outstanding loans will become the risk of "poisoning" the financial - credit environment and the whole economy.
In the past, the bad debt ratio exceeded 10% during the period 2011-2017 due to subjective reasons from credit institutions and borrowers, and objective reasons from economic difficulties and risks from the real estate bubble. stock…
Therefore, efforts to deal with bad debts are the task not only of credit institutions and banks, but of the entire economic-financial system.
Although a series of mechanisms and policies have been issued, the results of bad debt settlement are still very limited due to the lack of definitive, timely and smooth measures to handle bad debts.
The bad debt department not only has not decreased, even has the risk of increasing again, "poisoning" the financial - credit environment because the new "waste" of bad debt is mainly "buried", not properly handled. a sign to clean up the environment, creating favorable conditions for the flow of credit with appropriate interest rates.
The problem now is to remove legal and enforcement obstacles in handling collateral and collateral related to bad debts, in the direction of recognizing and affirming legal rights, responsibilities and obligations. of the lender, while ensuring the legitimate rights, responsibilities and obligations of the borrower, in order to create a legal corridor to handle bad debts whose collateral is mainly real estate.
The mechanism that allows lenders to recover, hold and dispose of collateral to resolve bad debts will clear bottlenecks in the current bad debt settlement process, and at the same time reduce the burden on agencies. law in related cases.
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