Proposal to handle risky debt phase 1/2025 with an amount of more than 3.9 billion VND

Previously, the Social Policy Bank, Phu Yen branch, proactively coordinated with the entrusted associations and organizations in the area to promptly review and summarize risky debts due to objective reasons. On that basis, the unit advised the local Party Committee and government to prepare a dossier to request debt settlement in accordance with the correct procedures, ensuring publicity, transparency and compliance with State regulations.

Currently, the second phase of the 2024 risky debt settlement dossier is awaiting central approval with a total amount of more than VND 2.8 billion, including 78 debts. Of which, more than VND 2.67 billion will be written off for 73 loans and VND 168 million will be written off for 5 loans.

Source: https://baophuyen.vn/kinh-te/202504/de-nghi-xu-ly-no-rui-ro-dot-12025-voi-so-tien-hon-39-ti-dong-c9f339a/