Speaking to reporters before attending the weekly Cabinet meeting at Government House, Pichai said he will meet with the Thai Bankers’ Association to discuss ways to address the household debt burden, which is seen as a key factor hampering economic growth.
The pressure of maturing bonds is still weighing heavily on real estate businesses in Ho Chi Minh City, forcing them to find solutions to restructure debt.
Thai Finance Minister Pichai Chunhavajira said on May 28 that a set of short-term stimulus measures was prepared by the ministry, aiming at increasing disposable income through debt restructuring at both public and private banks, highlighting the Bank of Thailand already signed on to this idea.
Businesses, particularly property developers, are under pressure to sell off assets and real estate projects to settle their debts, including bond repayments and bank loans.
The State Bank of Vietnam could increase credit growth limits for credit institutions this year or even launch stronger monetary policies to aid the country’s post-pandemic growth, Governor Le Minh Hung has said.
Truong Thanh Furniture Corporation may issue 100 million shares, worth 1 trillion VND (44.4 million USD), to raise capital for restructuring its debt and improving production.
The National Assembly's Committee for Finance and Budget approved the government's proposal to sell international bonds worth 3 billion USD to restructure domestic debts due during 2015 and 2016.
