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Tag: bad debt vietnam
Vietnamese Gov’t extends resolution on pilot bad debt settlement
As of November 30, 2021, total bad debts according to criteria set out in resolution No.42 were estimated at VND420 trillion ($18.4 billion), down 15.74% against August 14, 2017, the date the resolution No.42 became effective.
Gov’t promotes M&A in banking sector for higher competitiveness
The main objective of the project is to ensure all banks adopting the Basel II standards have a capital adequacy ratio (CAR) of at least 10-11% by 2023, and eventually to 11-12% by 2025.