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06 Aug 2019, Gergana Bencheva, EMIS Editor

Vietnam’s banks see bad debts increase in H1 2019

The bad debts of Vietnam’s banks continued to grow in the first half of 2019, Vian Financial News reported. Thus, the despite the positive profits of many of the banks in the country, their debts rose in the wake of high credit growth in risky business segments.

In detail, the total non-performing loans (NPLs) of 21 Vietnamese banks reached nearly VND 85.75 trillion by the end of June. Of the total NPLs, subprime debts had the highest growth of 22% since the beginning of 2019.  

In the meantime, many Vietnamese banks are said to have already or almost used their assigned credit growth limit set by the central bank for the whole 2019, Vian Financial News added.

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Original source: Vian Financial News