Wednesday, October 18, 2017 - 18:13:31

State Bank of Vietnam

Bad debt stands at 2.51 percent in late July

Business

Bad debt stands at 2.51 percent in late July

The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State Bank of Vietnam (SBV) to the National Assembly.

Banks urged to serve low earners

Business

Banks urged to serve low earners

Vietnam has significant room to promote inclusive finance, given 70 percent of its population is living in rural areas and many are locked out of the conventional banking system due to low income, experts have said.

Jury still out on cryptocurrency in Vietnam

Business

Jury still out on cryptocurrency in Vietnam

The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.