Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong  briefed reporter of the banking sector's operation on June 5, 2017(Photo: VNA)

“Vietnam’s total loans by May 25 grew 6.53 percent from the end of 2016, which supported domestic production and business in the context of slow public investment disbursement since the beginning of the year.  The central bank has kept a close eye on fluctuations of the domestic and foreign markets and launched rational daily reference exchange rates”, said Hong.

The State Bank has finalized a draft on bad debt settlement among credit institutions, the highlight of which is the establishment of a bad debt market. Accordingly, the Vietnam Asset Management Company (VAMC) is allowed to buy bad debts from banks, recover them through issuance of special bonds as well as sell debts to relevant individuals and organisations.