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Tuesday, 9-6-26 03:38:53

Economics

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Banking sector steps up handling, recovery of bad debts

Source from the State Bank of Vietnam (SBV)’s Binh Duong branch shows that the bad debt ratio of credit institutions in the province has tended to increase. By the end of January 2024, this rate increased to 1.28% compared to 1.26% in 2023. This was because the total outstanding debt in January 2024 decreased. However, in terms of value, bad debt in January decreased by 0.07% compared to the end of 2023, from VND 4.133 trillion to VND 4.130 trillion. In addition, there was decline in cash flow from operations of many businesses in the province, shrinking production-business activities and supply chains of raw materials and broken.

In the face of the situation, the SBV has issued guidance documents, including the Directive No. 01 on organizing the implementation of key tasks of the banking sector in 2024. The goal is that credit institutions continue improving credit quality, preventing and limiting newly arising bad debts...

Reported by Thanh Hong-Translated by Kim Tin

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Vietnamese products grab spotlight at Algiers int’l fair 2025

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OCOP programme hits milestone with 126 five-star products nationwide

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In-depth industrial development

In the first six months of 2025, the Index of Industrial Production (IIP) in Binh Duong province is estimated at increasing by 10.19% compared to the same period last year.

In-depth industrial development

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Tan Uyen city enhances the inspection and enforcement of trade violations

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Total tax revenue in Binh Duong reaches 63.7% of estimate

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Elevating development

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