The State Bank has drafted a plan to restructure SCB.

The State Bank of Vietnam (SBV) said that, implementing the Prime Minister's direction and based on the SCB restructuring plan developed by the investor, the SBV has drafted a report to the Government and the Politburo on the SCB restructuring plan.

The State Bank of Vietnam said it is continuing to proactively coordinate with relevant units to carry out assigned tasks in the Action Plan of the Banking Industry to implement the Project "Restructuring the system of credit institutions associated with bad debt settlement in the period 2021-2025" (Project 689) under the direction of all levels.

Implementing the Prime Minister's direction at the regular meeting on March 11, 2025 and based on the SCB restructuring plan developed by the Investor, the State Bank has drafted a report to the Government and the Politburo on the SCB restructuring plan. Currently, the State Bank is synthesizing the opinions of ministries, branches and agencies on the above draft.

For other weak banks, in late 2024 and early 2025, the SBV actively advised the Prime Minister to approve the Resolutions on compulsory transfer for 3 banks subject to compulsory purchase and Dong A Bank as a basis for the SBV to issue decisions on compulsory transfer for these 4 banks. This is an important milestone in the roadmap for handling and restructuring banks.

Bad debt in the whole industry is under control. As of February 2025, the system's on-balance sheet bad debt ratio (excluding 5 banks MBV, GPBank, VCBNeo, Vikki Bank, SCB) is at 1.88%.

The restructuring of weak banks has made great progress, but the State Bank also admits that the restructuring progress of some non-bank credit institutions whose major owners/shareholders are State-owned corporations/groups is still slow, due to its dependence on the content of the overall restructuring plan of the State-owned corporations/groups.

In the coming time, the State Bank said it will continue to direct credit institutions to resolutely implement the restructuring plan associated with bad debt settlement for the 2021-2025 period in an effort to achieve the solutions and objectives of Project 689. Focus on implementing the plan to handle weak credit institutions, restructuring specially controlled commercial banks under the direction of competent authorities. Promote bad debt settlement, improve credit quality, prevent and minimize new bad debts.

Strengthen inspection, examination and supervision of the operations of credit institutions; focus on inspection and supervision of areas with high potential risks; detect and strictly handle risks, problems and violations of credit institutions, contributing to ensuring security and discipline in the monetary and banking markets. Continue to promote the application of information technology in banking inspection and supervision activities.

Source: https://baodautu.vn/ngan-hang-nha-nuoc-da-co-du-thao-phuong-an-co-cau-lai-scb-d269050.html