Among 29 commercial banks, 11 reported a decline in bad debt ratios in the second quarter, including National Citizen Commercial Joint Stock Bank (NBC) from 19.54% to 11.35% and Agribank from 1.68% to 1.43%.
Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than 21.07 quadrillion VND, an increase of 4.97% compared to the end of 2023, the State Bank of Vietnam (SBV)’s latest data show.
The State Audit Office of Vietnam (SAV) has carried out an array of activities to improve environmental auditing, which plays a critical role in the sustainable development of the country.
Checkable deposits saw a significant quarter-on-quarter decline as of the end of March, despite more payment accounts opened in the first three months of this year.
Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.
Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).
Deputy Prime Minister Vuong Dinh Hue has described Vietnam as a promising market for Deloitte Global while meeting with its Chairman David Cruiskshank in Hanoi on November 13.
The Ministry of Industry and Trade (MoIT) has formed a Steering Committee to tackle problems of a number of projects and enterprises showing ineffectiveness and lagging behind.
While support to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially SMEs.
