The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

Deputy Prime Minister Le Minh Khai on May 25 asked the Vietnam National Chemical Group (Vinachem) to exert every effort toward effective restructuring, while working with the group to assess operations over the 2016-2020 period.

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.

Prime Minister Pham Minh Chinh on February 12 asked to the Red River Delta region to make most of its potential and advantages for rapid and sustainable development so as to lead the country’s economic restructuring and growth model transformation.

The Southeast region, with its role as an economic locomotive of the country, has accelerated the implementation of green economic development plans and strategies. The aim is to promote economic restructuring associated with changing growth models and integrating green growth into the socio-economic development plan.

VOV.VN - The Government has devised plans to restructure the domestic money, corporate bonds, securities, and real estate markets in the year ahead in order to protect the legitimate rights and interests of both businesses and investors.

The Vietnamese government has issued an agricultural restructuring policy, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols and paying more attention to improving rice quality rather than increasing production.

Vietnam’s effective management of COVID-19 has boosted confidence and facilitated the easing of restrictions and economic recovery, according to an article published by the Australia – Vietnam Policy Institute (AVPI).

VOV.VN - The Politburo has issued a fresh Resolution which will allow Hanoi to explore the possibility of building new cities from its existing districts over the coming years to take full advantage of the capital’s development potential.