The Da Nang branch of the State Bank of Viet Nam reported that by late March, bad debts at the city’s credit organisations had reached 1,095 billion VND, accounting for 2.02% of their total outstanding loans, a significant rise compared with late 2013.  The highest level was recorded at joint-stock commercial, joint venture and 100% foreign-owned banks with 2.52%.  The city’s state-owned commercial banks had a figure of 1.29%.

By late April, the total outstanding loans at the city’s banks had reached an estimated 54,500 billion VND, and an increase of 1.87% compared with late 2013.  The outstanding loans in VND have climbed by 0.67% to hit 48,000 billion VND against March, and those in foreign currencies have reached an estimated 6,500 billion VND, an increase of 1.31%.  Short-term loans increased by 0.33% to 27,300 billion VND, whilst medium and long-term loans jumped by 1.16% to 27,200 billion VND as compared with March.