Vietnam central bank says non-performing loans on rising trend

Credit: REUTERS/KHAM

HANOI, Oct 12 (Reuters) - Non-performing loans in Vietnam's banking system are on a rising trend due to the impact of the coronavirus pandemic, the country's central bank said on Tuesday.

"The process of restructuring the system of credit institutions and handling the bad debt is being accelerated," the State Bank of Vietnam said in a statement, without elaborating.

It said total money supply (M2) as of Oct 7 rose 11.56% from a year earlier, and bank's total lending was up 5.48% from the end of last year.

(Editing by Martin Petty)

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