Including bad debts that commercial banks sold to the Vietnam Asset Management Company (VAMC) and have not yet been recovered, the bad debt ratio rose to 6.16 per cent. This bad debt ratio includes the debts of five banks: SCB, Dong A Bank, CBBank, OceanBank, and GPBank, which are under the SBV’s special control. Excluding these five banks, the bad debt ratio stood at 1.92 per cent. Notably, the bad debt ratio in the real estate sector rose from 1.8 per cent in July 2022 to 2.58 per cent in July 2023. Some bank leaders believe the bad debt ratio will peak in the third quarter of this year and start to gradually decrease from the beginning of the next year.
