Banks raise issues with loan restructuring

Covid-19 has resulted in banks accumulating more bad debts. Since June 10, 2020, outstanding loans at 14 credit institutions have totaled about VND600 trillion ($26.25 billion). Under current regulations (Circular No. 03), this debt balance is not restructured. Banks have identified 12 issues in the implementation of Circular No. 03 and suggested they be amended immediately or a new circular issued.