Fitch: Asset-Quality Risks for Vietnam Banks Remain Despite New Rules

November 12, 2015 1:12 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Asia-Pacific Banks: Chart of the Month - Vietnam here SINGAPORE, November 11 (Fitch) Asset-quality risks for Vietnam banks are likely to remain high despite new rules that help align loan-classification standards across banks, says Fitch Ratings in its latest Asia-Pacific Banks Chart of the Month report on Vietnam.

The gradual enforcement of asset classification based on data by the Credit Information Center (CIC) - a new arm set up by the State Bank of Vietnam (SBV) - should reduce discrepancy in loan classification standards across Vietnam banks. Beginning April 2015, Vietnam banks are required to classify l...

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