Bad debt ratio at 2.3% by end 2017Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016. Bad debts worth VNĐ93.7 trillion (US$4.12 billion) were recovered last year. Notably, the National Assembly’s Resolution 42 on supporting bad debt settlement has begun to push the bed debt settlement process, though it has only come into effect for the last four months of 2017. According to the central bank, the entire banking system recovered a total of more than VNĐ50 trillion until December 31 based on the resolution. SBV said this year it would step up the restructuring of the banking sector as well as settlement of bad debt.
Source: VietNamNet News January 12, 2018 07:07 UTC