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There remains a lack of competence when it comes to handling debt in Vietnam, with the proliferation of black credit serving as the most prominent example, according to economist Can Van Luc.
With many favourable factors from the global market, experts forecast the State Bank of Vietnam (SBV) will continue easing the monetary policy and cut regulatory interest rates by another 50 basis points in mid-2023.
Given the challenging economic environment, the performance of numerous banks is rather bleak, particularly due to the mounting bad debt levels.