Bad debt is corollary of the process of too hot credit growth in previous years, plus the lending fever for real estate and securities massively during 2006-2007. Although the State Bank of Vietnam (SBV) has asked commercial banks to restrict too high credit growth, in fact, in recent 10 years, the credit growth has been [...]
Bad debt is corollary of the process of too hot credit growth in previous years, plus the lending fever for real estate and securities massively during 2006-2007. Although the State Bank of Vietnam (SBV) has asked commercial banks to restrict too high credit growth, in fact, in recent 10 years, the credit growth has been [...]
A source from the State Bank of Viet Nam says that outstanding loans of joint-stock commercial banks nationwide reached VND1,200 trillion (US$57.1 billion) by February, equivalent to 55 per cent of the banking sector’s total. Of the figure, outstanding loans classified as substandard amounted to about VND22 trillion ($1 billion) or 1.76 per cent of [...]
By the end of November 2010, the bad debts of Vietnam’s entire banking system totalled at 51.085 trillion dong, accounting for 2.42 percent of total outstanding loans, but notably the Debt Group 5 (banks may lose capital in this group) made up a half of the amount, the Thoi Bao Kinh Te Vietnam newspaper reported, [...]
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