Over 40% of bad debts handled

by VTV402 April 2019 Last updated at 15:18 PM

VTV.vn - It is estimated that over 8.8 billion USD in bad debts of credit institutions identified according to Resolution 42 have been handled, accounting for 40.1% of total bad debts, according to the State Bank of Vietnam on Monday.

This was done through implementing synchronous solutions to control old bad debts and prevent new ones from arising, which also helped improve the credit quality of Vietnamese credit institutions as a whole. Based on economic targets of 2019, the State Bank of Vietnam has set the credit growth target at around 14%, with a focus on production and other priority areas.

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