The Hanoitimes – The downtrend of the bad debt ratio stemmed from stricter asset classification at banks and the warm-up of the local real estate market thanks to faster economic growth which hit a decade high of 7.08% in 2018. Vietnam aims to lower bad debt ratio below 2% in 2019 Foreign investors start hunting for Vietnam’s bad debt assets Vietnam sets to speed up bad debt resolution in next two years Vietnam resolves bad debts worth US$6.04 billion under parliament resolution Vietnam’s bad debt ratio unlikely to drop below 3% by 2020: Ministry Vietnam has stepping up efforts to reduce legacy problem loans accumulated in years of easy lending and fast credit growth, leading to a bad debt ratio of 6.3% in the banking system as of end-2018, a central banker has said. The headquarters of the State Bank of Vietnam in Hanoi. Photo: Minh Tuan The ratio is much lower than 10.08% at the end of 2016 and 8.61% as of September 2017, said Le Minh Hung, governor of the State Bank of Vietnam (SBV), at a meeting of the banking sector on January 9. Bad debts embrace non-performing loans (NPLs) registered on banks’ balance sheets, trouble… Read full this story
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Vietnam lowers bad debt ratio to 6.3% amid record GDP growth have 322 words, post on www.hanoitimes.vn at January 10, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.
