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Resolution 42
Update news Resolution 42
Trillions of dong worth of debt settled each month, after resolution released
A daring decision has helped the financial market and the banking system to stand firmly during Covid-19.
Banks increase foreclosures on mortgaged properties to collect debt
As investors have fallen into insolvency, many large properties have been distrained by commercial banks and put up for sale. HOREA estimates that about 500 projects have become ‘clinically dead’.
