Mounting arrears: A vendor counts Vietnamese dong banknotes in Da Nang. According to SBV, the main cause of the increase in bad debt in the banking system is due to many factors, including an unfavourable macroeconomy and natural disasters. — Bloomberg
HANOI: Though bad debts increased in the third quarter of this year (3Q24), they are expected to slow in the near future as macroeconomic factors are supporting the handling of the debts.
According to banks’ financial reports released recently, many banks including large-scale banks recorded an increase in bad debts in 3Q24.
