Vietnam bank loans up 6.16 pct in 5 months
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Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.
Vietnamese banks’ total loans at the end of May were 6.16 percent larger than at the end of 2017, the State Bank of Vietnam said on Monday.
Bad debts accounted for 2.18 percent of total lending at the end of the first quarter, it said in a statement.
Vietnam aims to keep toxic debts ratio under 3 percent of total loans, while the central bank has said it targets credit growth at 17 percent this year.
Questions & Answers
Q.What was the total increase in Vietnamese bank loans by the end of May?
What was the total increase in Vietnamese bank loans by the end of May?
Vietnamese banks’ total loans at the end of May were 6.16 percent larger than at the end of 2017. This information was provided by the State Bank of Vietnam on Monday.
Q.What proportion of total lending was considered bad debt at the end of the first quarter?
What proportion of total lending was considered bad debt at the end of the first quarter?
Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017. This figure was confirmed by the State Bank of Vietnam in its statement.
Q.What is Vietnam's target for the toxic debts ratio?
What is Vietnam's target for the toxic debts ratio?
Vietnam aims to keep its toxic debts ratio under 3 percent of total loans. This is a key objective for the country's financial stability.
Q.What credit growth target has the central bank set for this year?
What credit growth target has the central bank set for this year?
The central bank has stated it targets credit growth at 17 percent for this year. This is a significant objective for the banking sector.
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