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Summary

16 COVER STORY 10 ECONOMY & POLICY

EXTENSION OF RESOLUTION 42 PPP LAW STILL BEARS SHORTCOMINGS
HELPING CONTROL BAD DEBTS At the “Removing policy barriers to implement the Public

According to analysts, given the complex situation Private Partnership (PPP) Law” seminar, held by the Vietnam
surrounding bad debts in Vietnam, the fact that the National Chamber of Commerce and Industry (VCCI) in cooperation
with the US Agency for International Development (USAID),
Assembly has approved an extension to Resolution No.
42/2017/QH14 is essential for the government to perfect VCCI provided a picture of the status of PPP investment in
legal regulations and have time to propose decrees with infrastructure over recent years. A number of provisions in the
PPP Law and guiding documents bear shortcomings, creating
greater legal impact, and quickly and more thoroughly deal
with bad debt issues. This is also in line with world trends. difficulties for management agencies and investors in the
implementation of infrastructure projects in the PPP form.
20 COVER STORY

SOLUTIONS NEEDED TO ENSURE

TRANSPARENCY CONCERNING
COLLATERAL

It can be quite difficult for credit institutions to access
information on collateral put down for loans because of
transparency issues. A number of solutions have therefore
been proposed to improve the situation, such as promulgating
regulations on penalties when customers provide incorrect
information on collateral. Banks also need to coordinate with
State agencies to verify information provided by customers
regarding collateral, while publicity, transparency, and 28 PROPERTY
information access on collateral all need to be improved.
DEVELOPING REAL ESTATE IN
24 COVER STORY A SUSTAINABLE MANNER

TIME TO PERFECT LEGAL On July 14, while chairing the “Developing a safe, healthy

FRAMEWORK ON BAD DEBTS and sustainable real estate market” conference, Prime
Minister Pham Minh Chinh emphasized that it aims to
assess the current situation and highlight limitations and
In the Resolution from the third session of the 15th National inadequacies in the real estate market, and to synthesize
Assembly (NA), the legislature officially approved an domestic and international experiences from which to
extension to Resolution No. 42/2017/QH14 to December propose solutions for the real estate sector and related fields
31, 2023. At the same time, the government was assigned to and ensure that the market continues to develop stably and
study and propose regulations on handling bad debts and healthily. Analysts also offered solutions to developing the
collateral, and review, amend, and supplement the Law on real estate market in the most sustainable manner.
Credit Institutions for submission to the NA for
consideration in May 2023.

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