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VietNamNews

Vietcombank to offload $52m in bad debt

Update: June, 09/2014 - 07:59

A Vietcombank office. The bank's lending grows 3.16 per cent in the first five month of this year. — Photo cafef.vn

HA NOI (VNS) — Vietcombank plans to sell VND1.1 trillion (US$52.38 million) worth of bad debts this year, the same amount as last year, Bank Deputy General Director Dao Hao said last week.

The bank aims to achieve credit growth of 13 per cent in 2014. Meanwhile, loans grew only 3.16 per cent in the first five months of this year. — VNS

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