Friday, April 19, 2019 - 18:01:19

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Experts: Bad debt under control

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Experts: Bad debt under control

After reviewing their business performance over the third quarter, most commercial banks announced positive results with double-digit growth. However, the amount of bad debt is also on the rise.

Finance companies slow credit growth

Business

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.

Bad debt ratio among banks drops sharply to 6.7 percent

Business

Bad debt ratio among banks drops sharply to 6.7 percent

Vietnam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company – from 17.2 percent in 2012 to 6.7 percent at the end of June 2018.

Deputy PM urges SBV to speed up settlement of bad debts

Business

Deputy PM urges SBV to speed up settlement of bad debts

The State Bank of Vietnam (SBV) needed to speed up the settlement of non-performing loans (NPLs) to bring down the bad debt ratio of the entire banking system, including both NPLs owned by credit institutions and the Vietnam Asset Management Company (VAMC), to below 3 percent by 2020.

Vietnam strives to reduce cash payment proportion

Business

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.