State bank works to keep bad debt below 3 pct Business

State bank works to keep bad debt below 3 pct

The State Bank of Vietnam (SBV) has requested that credit institutions and foreign bank branches intensify their credit quality and bad debt management and submit their bad debt handling plans.
Business

Low credit growth target for 2014

Despite significant improvement, credit is unlikely to reach the 12 percent growth target this year. Economists are worried that the slow growth in 2013 would continue in 2014. For this reason, economic experts have offered proposals, regarding monetary policy for 2014. Report by Vietnam Economic News.