Flag_of_Vietnam.svg

Vietnam: Vietnam banks bad debts drop to 2.58 pct: data

  • Aug 14, 2016

Vietnam: Vietnam banks bad debts drop to 2.58 pct: data

Sunday, 14 August 2016 – It represented a decrease of two percentage points from a month earlier, the central bank’s website reported Thursday, quoting Doan Van Thang, deputy director of the Vietnam Asset Management Company.
It was also nearly equal to the five-year low of 2.55 percent banks reported at the end of last year.
Meanwhile, loans outstanding rose by 8.54 percent year-on-year at the end of July, Nguyen Tien Dong, chief of the State Bank of Vietnam’s credit department, was quoted as saying. Read More?