Vietnam says bad debt at 9 pct, below Moody's estimate  Bad debt in Banks in The central bank revised down the 3.79 percent bad debt ratio estimated by the central bank last month. Moody's estimated on Tuesday "problem assets in the system to comprise at least 15 percent of total assets, significantly above the 4.7 percent non-performing loan ratio reported by the State Bank of The central bank said Moody's used its own methods, criteria and information to measure "If calculating thoroughly, the ratio of non-performing loans, including the bad debt restructured under Directive 780/QD-NHNN, would just be at around 9 percent," A circular guiding the implementation of the directive will take effect as of June 1, 2014, after which Vietnamese bankers have said bad debt in domestic banks would jump. The central bank has said it aimed to solve toxic problem loans by the end of 2015. It established a company to deal away the bad debt last July. Thanhniennews |
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