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Tuesday, September 26, 2023

Bad debt worries

By V. Dung

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The State Bank of Vietnam (SBV) has recently sounded the alarm over the escalating volume of bad debt within the real estate sector, substantiated by specific figures. Despite reinforced loan loss provisions, commercial banks remain apprehensive about the downward trajectory of the real estate market and associated bond risks. Consequently, they are intensifying efforts to liquidate collateral assets, but encountering problems in the process. Resilience within the banking sector The semi-annual financial reports of 29 banks revealed a 34% surge in non-performing loans since the beginning of the year, reaching […]
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