"The proposed amendments to the Law on Credit Institutions in 2024 are a necessary step forward, according to Mr. Tran Van Phuoc, Acting Director of the State Bank's Branch Office in Region 15. These amendments aim to legalize several provisions of Resolution No. 42/2017/QH14, which piloted the handling of bad debts by credit institutions. This resolution has proven to be a pivotal tool in addressing the issue of non-performing loans and strengthening the financial stability of credit institutions across the region."