Trang Chủ
Attending the conferencewere Mr. Dao QuocTinh - Member of the Board of Directors, General Director of Deposit Insurance of Vietnam, Mr. Hoang XuanHoa - Director of Economic Department, Party Central Economic Commission, Mr. Dao Van Hung - Director of Institute of Policy and Development under the Ministry of Planning and Investment, Ms. Le Thi Kim Xuan–Chief Representative of the Vietnam Banks Association in Ho Chi Minh City, Mr. Nguyen Hoang Minh - Deputy Director of the State Bank of Vietnam- Ho Chi Minh City Branch along with the researchers and lecturers of the HCMC University of Economics, HCMC University of Law, National Economics University, University of Transport and Communications, University of Economics and Businessunder the Vietnam National University– and HCMC Banking Academy.
Speaking at the conference, Assoc. Prof., Dr. Dao Van Hung emphasizes that bad debtshave resulted in many complex problems including potential risks and negative consequences beinga major cause of financial crises and economic distresses. With reference to international experiences and some published study results, the conference madea list of issues and solutions for developingadebt trading market in Vietnam in a new contextwith anaim to fundamentally solve bad debts, creates sustainable stability for the operation and development of the financial and monetary markets.
At the conference many banking, economic and financial experts gave presentations on the topics of "Developing a debt trading market to effectively handle bad debts",International experiences on dealing with bad debts– the cases of Thailand, Malaysia, China, Japan, South Korea, etc.; policy implicationsand a series of measures that Vietnam should implement; the pros and cons of debt securitization, international experiencesof securitizationand the application in Vietnam; analyzing the role of the bond market in and the macro risks to the economy, thus identifying factors and barriers for developingVietnam's bond market; reviewing the situation of credit institutions handling bad debts and some policy solutions for developingadebt trading market in Vietnam. Favorable conditions and challengesin the process of dealing with bad debts in HCMC were also discussed in a detailed manner, and then07-stepsuggestion made for the development of a debt trading market in Vietnam.
In general, the contents presented at the conference were valuable for experts, managers, regulators, researchers and lecturers in their practical activities. Then, they can help to fundamentally solve bad debtsand create the stability of the operation and development of the financial and monetary markets in Vietnam.
