Vietnam's banking sector shifts from short-term pressure on books to long-term debt managementOBGplus
Non-performing loans (NPLs) continue to be a challenge for Vietnam’s banking sector following the banking crunch of 2012. The government and the State Bank of Vietnam (SBV) have made the issue a priority. A key step was the creation of the Vietnam Asset Management Company (VAMC) in 2012. NPLs built up thanks largely to poor lending practices at a number of banks. Bad loans were particularly prevalent…