First meeting of the Drafting Team of the Manual on Out-of-Court Workouts

On June 13, 2025, the Vietnam Banking Association (VNBA), represented by Mr. Nguyen Quoc Hung – Vice President and General Secretary of the Association, held the first meeting of the Drafting Team of the Manual on Out-of-Court Workouts to discuss the plan for drafting the Handbook. This document significantly impacts on supporting credit institutions (creditors) and enterprises (debtors) in non-performing loan settlements, hence reducing the risk for both parties. The Handbook, along with the Code of Conduct for Debt Collection, are two important documents developed by VNBA with technical support from the International Finance Corporation (IFC) under the World Bank Group.

At the meeting, Mr. Nguyen Hung Quang (Managing Partner of NHQuang&Associates, President of Vietnam International Commercial Mediation Center (VICMC)), acting as the National Consultant of the IFC, discussed the major contents of the Manual as well as the next steps related to the drafting and promulgation of the document in the coming time. Representatives of a number of commercial banks (Vietcombank, BIDV, Agribank, Techcombank, MBBank, TPBank) attended and gave their opinions on developing the Manual.

Dispute resolution in court, arbitration, and especially negotiation and mediation have been one of the strengths of NHQuang&Associates for many years. In addition to experiences in practical dispute resolution, Mr. Nguyen Hung Quang and the associates have also conducted many studies on the Court system, litigation procedures for commercial dispute resolution in court, systematic investor response mechanisms, commercial mediation, commercial arbitration, and have supported various national student competitions on commercial mediation and arbitration.