A series of corporations have bad debts, trillions of dollars in losses.
According to the State Audit, corporations using state capital, such as Vinafood1, Vicem, and Satra Group... have large debts, investment losses of trillions of dongs, and financial insecurity.
Challenges for banks ahead
Many banks might have recorded positive profit growth in 2022. But challenges are awaiting them this year given negative factors such as high interest rates and bad debt. Rising interest rates On January 5, 2023, VietinBank said it was looking to obtain VND19.45 trillion in pre-tax profit in 2022,
Bad debt skyrockets at banks
The banking system is facing a decline in asset quality as bad debt has ballooned since Circular 14/2021/TT-NHNN expired. However, they can overcome the hardships if they set aside enough provisions and succeed in managing credit risk when lending to high-risk sectors. Bad debt surges The Covid-19