Vietnam needs a public transaction floor for bad debtsNguyen Tri Hieu, a banking expert, tells Hai Quan (Customs) newspaper that the Government should appoint an agency to develop an official transaction floor for buying and selling debt. However, over the last five years, just 1.4 per cent of the bad debt ratio was reduced. The issuance of Decree 42 has introduced new measures on how to settle bad debt issues legally. To establish a market for buying and selling bad debt, what do we need to pay attention to? At present, VAMC buys bad debts through the issuance of special bonds.
