On May 15, VIE CB drafted circular to support clients facing difficulty.
VIE CB proposed to amend, supplement provisions of Cir 02/2023/TT-NHNN, concerning the restructuring of debt repayment terms and maintaining debt groups.
Proposes extending the restructuring of the debt repayment period for customers from Jun. 30, 2024, as specified in Cir 02/2023/TT-NHNN, to Dec. 31, 2024.
Aims to stabilize the macroeconomic environment and support ongoing recovery, assists in managing challenges and uncertainties predicted for the economy in 2024.
Modification of clause 2, article 4, to include obligations arising for repayment of principal and/or interest from the effective date of the circular until Dec. 31, 2024.
Revision of clause 8, article 4, specifying that the restructuring of repayment terms for customers will be effective from date circular becomes effective until Dec. 31, 2024.
Effectiveness
The consultation is open for opinions but no consultation end date is mentioned.
Jun. 2024 Promulgation
On Jun. 21, 2024, VIE CB published circular no. 06/2024/TT-NHNN of Jun. 18, amending, supplementing circular 02/2023/TT-NHNN, as per the proposals detailed above.
The restructuring of the debt repayment period is extended to Dec. 31, 2024.
