Bad debt of state-owned enterprises accounts for 11.82% of total bad debt

However, this bad debt ratio does not include Vinashin's bad debt, which has been restructured according to Decision 780 of the State Bank.

According to a newly published report by the National Financial Supervisory Commission (NFSC), there has been a positive shift in credit structure towards narrowing the proportion of credit for state-owned enterprises (SOEs) and increasing the proportion for non-state enterprises.

However, NFSC believes that bad debt of state-owned enterprises negatively impacts the stability and safety of the financial system.

Over the past 5 years, the credit ratio for the SOE economic sector decreased from 35.1% in 2007 to 18% in 2012, while the ratio for other types of enterprises increased from 36.6% (in 2007) to 40.8%.

Despite the decrease in proportion, the credit quality of SOEs is still low. According to the report, bad debts of SOEs account for 11.82% of total bad debts of the credit institution system and 5.05% of outstanding loans for SOEs.

However, this bad debt ratio does not include Vinashin's bad debt, which has been restructured under Decision 780 of the State Bank (accounting for 10% of total outstanding debt in 2012). It is worth noting that bad debt of state-owned enterprises is not easy to handle because many collateral assets formed from loans (raw materials, goods, etc.) have low liquidity./.

According to (vov.vn) - M.D