Bad debts tend to escalateVietNamNet Bridge - After considering the Q1 finance reports of 13 large and medium sized commercial banks, analysts say they have found that bad debts are increasing again. The figure was equal to 51 percent of total bad debts, higher than the 50.5 percent at the end of 2017. However, most of them were third-group debts, or subprime debts, amounting to 58.6 percent of total bad debts, while the fifth-group debts accounted for 18 percent. This is equal to 55.3 percent of the bank’s total bad debts which have increased from 1.61 percent to 1.87 percent. US$1=VND22,000RELATED NEWSMulti-trillion VND worth of bad debt put on saleVAMC targets VND140 trillion bad debts this yearKim Chi

Source: VietNamNet News May 28, 2018 05:15 UTC