Debt reduction and deferral for businesses

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According to economic experts, with the policy of continuing to reduce and defer debt for businesses, The state budget will decrease by about 47,000 billion VND. Bad debts of banks may increase. However, the most important thing now is that businesses need support to promote economic growth.

Regarding monetary policy, the State Bank has just submitted to the Government a proposal to extend the implementation period of Circular 02 on restructuring debt repayment time and maintaining debt groups for another 6 months, instead of ending in the middle of this year as planned. According to the State Bank, by the end of 2023, nearly 188,000 customers had their debt repayment terms restructured and their debt groups maintained, with a total value of principal and interest restructured at over VND183 trillion. If the extension continues, the debts of businesses and borrowers will continue to be extended until the end of this year.

Source: Business Newsletter May 12, 2024

Source: https://truyenhinhthanhhoa.vn/giam-hoan-no-cho-doanh-nghiep-180240512201447654.htm