The Prime Minister asked to check the bank's sale of debt and collateral

HÀ NỘI — A number of banks have offered for sale debt and collateral to recover and handle bad debts in the first half of last month. The Government Portal said that according to Official Letter No 1251/VPCP-KTTH dated February 28, Prime Minister Phạm Minh Chính asked the Governor of the State Bank of Việt Nam to check the information on banks offering debt and collateral for sale. In the first half of last month, a number of banks, including Agribank, VietinBank, BIDV, NCB and Sacombank offered for sale debt and collateral to recover and handle bad debts. Notably, in addition to debts with large values from several hundreds of billion to trillions of đồng, banks also offer unsecured consumer loans with low values. Regarding this, Prime Minister Phạm Minh Chính asked the Governor of the State Bank of Việt Nam to check the above information.