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Vietnam bank loans up 6.16 pct in 5 months

By Reuters   June 11, 2018 | 01:59 am PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Vietnam bank loans up 6.16 pct in 5 months
Vietnam aims to keep toxic debts ratio under 3 percent of total loans. Photo by Reuters
Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.

Vietnamese banks’ total loans at the end of May were 6.16 percent larger than at the end of 2017, the State Bank of Vietnam said on Monday.

Bad debts accounted for 2.18 percent of total lending at the end of the first quarter, it said in a statement.

Vietnam aims to keep toxic debts ratio under 3 percent of total loans, while the central bank has said it targets credit growth at 17 percent this year. 

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