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Bad debt ratio among banks drops sharply to 6.7%

Bad debt ratio among banks drops sharply to 6.7%

Vietnam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company – from 17.2% in 2012 to 6.7% at the end of June 2018.

Removing deposit interest rate cap considered

Removing deposit interest rate cap considered

Deputy Prime Minister Vuong Dinh Hue has recently instructed relevant authorities to scrutinise the possible removal of the deposit interest rate cap on short-term deposits.

Rising pressure on deposit interest rates

Rising pressure on deposit interest rates

Deposit interest rates are set to rise as growth rate of deposits has been lower than that of credit, according to a report from the National Financial Supervisory Commission (NFSC).