In the first 6 months, banking activities witnessed positive changes, reflecting the stable interest rate, 0.5% reduction of lending interest rates of state-owned commercial banks and some commercial banks. The exchange rate is also stable in the range of +/- 1 - 2%. Credit growth at a reasonable rate of 6.16%, focusing strongly on production and business.

It is worth mentioning that bad debts have been reduced by VND100.5 trillion (from August 2017 to 2018) according to Resolution 42 of the National Assembly, and 2.18% of total outstanding loans of the credit system. The second phase of the credit system restructure was initially implemented and three-fourths of state-owned commercial banks and nine out of ten foreign and joint-venture banks were approved . All these numbers is maintaining macroeconomic stability and decent growth in the first two quarters of 2018.

Economist Luu Bich Ho said that despite satisfactory results in the early months of the year, the banking sector still faces many difficulties and limitations. In fact, interest rates have not decreased much, the exchange rate is under pressure, inflation is still likely to exceed the target, credit difficult to reach the plan for the year, bad debts in many banks should be continue to handle drastically.

"With each bank, it is necessary to reorganize the staff, including staff, including intermediaries and personnel, to improve the business method associated with modernizing the technology in the direction of 4.0. The real restructuring is a revolution and must be done to make the banking industry sustainable, worthy of being the lifeblood of the economy, "said Liu Bich Hu. mind

According to Masters Mr. Nguyen Tri Hieu - Banking and Finance expert, the results of the banking sector in the first half of 2018 are very encouraging, however, objectively, the restructuring is slow, expressed in The result of the treatment of non-performing bad debt.

Resolution No.42 of the National Assembly has provided a legal basis for establishing a debt trading market, but this market has not been active, despite the fact that there are Vietnam Asset Management Company (VAMC) of SBV, Vietnam Debt and Asset Trading Coroporation (DATC) of Ministry of Finance, Asset Management Company (AMC).

TS. Hieu said that in order to meet the expectation of Resolution No.42, there should be an expansion in debt trading market. The State Bank must be the lead agency to establish debt trading market. In particular, businesses, people can also engage in debt trading. This market must have buyers, sellers and products that are bad debts needing to be traded.

Nguyen Tri Hieu frankly shared: "In order to restructure effectively, the whole banking system must be very healthy, transparent and strictly comply with the laws, thereby creating the products, standard banking services. In recent times, there have been some cases in the banking system that caused the public anxiety such as customers lost money in the account or the scams that bank officials involved in ... Things that demonstrates the restructuring of the banking system in Vietnam is still slow.

In order to restructure the bank effectively and develop the banking system sustainably, economist LuuBich Ho said that it is necessary to focus on solving NPLs to the basics, based on the assessment of each bank’s debt situation. If the bad debts and the bank's weakness can not be resolved, the guidelines and decisions on bankruptcy or merger must be properly implemented. Thus, there will be a new arrangement and renovationin the system.

Chung Thủy