Resolution No. 42/2017/NQ-QH14, which piloted handling of bad debt of credit institutions, is proposed to be extended until December 31, 2024 to create conditions for credit institutions to effectively handle bad debts, including the handling of collateral assets of real estate projects. (Photo vneconomy.vn)- The HCM City Real Estate Association (HoREA) recently sent a written petition to the Prime Minister proposing an extension of a resolution on piloting bad debt settlement until the end of 2024.Under the petition, the HoREA requests the Government to propose to the National Assembly (NA) an extension of Resolution No. "Therefore, HoREA proposes the Government coordinate with the NA Standing Committee to propose the NA consider an extension of Resolution No. 42/2017/NQ-QH14 for another 12 months until December 31, 2024 to create conditions for credit institutions to effectively manage bad debts, including the collaterals of real estate projects," it said in the petition./.
