Vietnam's State Bank extends debt rescheduling for some sectors by six months to support businesses amid economic challenges.
Vietnam's State Bank has extended debt rescheduling for certain sectors by six months to support businesses amid economic challenges. The move aims to reduce pressure on companies struggling to service their debts and comes as bad debt is expected to increase in 2024. Credit growth in Vietnam's banking system is targeted at 5-6% by the second quarter of 2024 and 15-16% for the entire year.
June 24, 2024
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