Update news bad debt
The Government will keep close control on public debt and strive to bring bad debt ratio to around three percent, according to a resolution adopted following the Cabinet regular meeting in October.
VietNamNet Bridge – The regulation that banks cannot sell mortgaged assets below face value is the biggest barrier hindering debt settlement.
VietNamNet Bridge – Vietnam’s recently amended bankruptcy and real estate business laws are acting at cross-purposes with the country's need to sell off its massive bad debts.
VietNamNet Bridge – Credit institutions have reported the bad debt ratio of Vietnam’s banking system at 3.86 percent, while the State Bank’s Inspection Agency announced a bad debt ratio of 9.71 percent at the end of February.