December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
Tags: 20 Percent, 30 Percent, Bad Debts, Bad Loans, banking, Banking Sector, Banking System, banks, Banks Rdquo, Banks Rdquo Said, Banks Together, Cao Si, Central, Central bank, Central Bank The, Chi minh, Chi minh city, Country, debts, financial, Foreign, Foreign Bank, Government, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Ldquo, loans, Minh city, Of State Owned, owned, percent, Rdquo, Rdquo Said The, reform, sector, Si Kiem, Small Banks, state, State-owned, system, The Authorities, The Banking, The Banking Sector, The central, The central bank, The Central Bank The, The Communist, The crisis, The government, The state, Three, Toxic Loans, Vietnam
Posted in Business | Comments Off
