Vietnam says bad debt at 9%, below Moody's estimate

HANOI: Bad debt in Vietnam is expected to account for about 9 percent of total loans, after careful calculations, below the 15 percent ratio estimated by Moody's Investors Service, the central bank said in a statement.

Vietnam has one of Asia's highest ratios of non-performing loans, which has squeezed the economy and led to a tightening of credit needed to boost flagging consumer spending and keep businesses afloat.