Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

VIETNAM - Banks Record NPLs at US$4 Billion

Post new topic   Reply to topic

Go down

VIETNAM - Banks Record NPLs at US$4 Billion

Post  lexie on Fri Dec 02, 2011 9:08 pm

December 2, 2011

Banks Record NPLs at US$4 Billion

According to the State Bank of Vietnam’s report, non-performing loans (NPLs) of the whole banking sector as at June, 2011 were estimated at $4 billion, the local online newspaper Saigon Tiep Thi quoted Nguyen Dac Hung, Deputy Editor-in-Chief of Banking Magazine, as saying.

However, the figure was derived by aggregating data from reports of commercial banks and did not reflect the reality, Hung said, adding that NPL figure currently remained unknown.

Sharing the same opinion, Le Xuan Nghia, deputy chairman of the National Finance Supervision Committee (NFSC), said even the NFSC and the central bank were uninformed about the real bad debts figure and attributed the problem to low accounting transparency and ethical distortions of local banks. In fact, only one-third of banks’ reports were relatively credulous while the remainders were distrustful, Nghia added.

The World Bank estimated bad debts ratio of the entire Vietnam’s banking sector in 9M/2011 to increase to 3.21% compared to 2.16% at end-2010 and anticipated the figure to reach 5% at year end. However, the country’s bad debt ratio may be much higher as Fitch Rating estimated it to reach 13%, according to a recent analysis of the National Center for Socio-economic Information and Forecast (NCSEIF).

Experts said that restructuring the banking system must be closely linked with restructuring public investments and state-owned enterprises as state-owned corporations occupied over 20% of public investments and 30% of total credits in the economy.


Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

View user profile

Back to top Go down

Back to top

Permissions in this forum:
You can reply to topics in this forum