There has been a positive shift in the credit structure that provides strong support to economic growth, with a major part of outstanding loans channeled to priority fields.

While the banking has to continue its efforts to deal with bad debts, credit institutions are required to support the economic recovery efficiently, said Prime Minister Nguyen Xuan Phuc.

Credit, however, grew only 0.7% month-on-month in August.

Experts called for Vietnam to soon provide a legal framework for the securitization of bad debts.