Vietnamese central bank determined to keep bad debt ratio below 3 pct

The State Bank of Vietnam on Wednesday reaffirmed its commitment to keep the bad debt ratio at less than 3 percent of outstanding loans in 2016.

Central bank faces uphill battle to lower lending interest rates

The governor of the State Bank of Vietnam promised to reduce the lending interest rate by one percent this year regardless of the challenges that face the sector such as the need for deposits and inflation pressure.

Vietnam has the youngest ever state bank governor

Le Minh Hung, 46, is officially the youngest Governor of the State Bank of Vietnam (SBV) in history, after his appointment on April 9.

April 09, 2016 | 01:52 pm GMT+7