Vietnam may start buying bad debt in Q1 -newspaper
Vietnam may start buying non-performing loans in the first quarter of this year, a state-run newspaper reported on Monday, as deteriorating asset quality threatens to further strain the economy.
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#1 Jan 14, 2013
don't worry about the vn Economy,,
can't a voice it any way,,
vn will hit a re-session,,so hard,,
then repossession,,will following,,
then there will be a plentiful depression,,
#2 Jan 14, 2013
I have to salute the good Vietnam government working hard to fix the problems caused by the VNCH/NGUY people. And the results were great so far. Inflation is tamed fast after the mass illegal dumping of the Dongs by the VNCH/NGUY people. Growth was affected by that but not much, still at 5%.
Now, the bad debt will be the last thing to be fixed then Vietnam can return to the rapid growth rate again. Note this, Vietnam FOREX fund has increased from 15 billion US dollars to 22 billion US dollars last year. In contrast, Pakistan a county with twice of the population to Vietnam had their FOREX fund reduced from 12 to 8 billion last year.
Think of Pakistan as the equivalent VNCH/NGUY run government. And in case you guys don't understand, the higher the FOREX fund you have, the easier a country can do import on short term credits. 20+ billion US dollar FOREX fund for Vietnam is pretty good actually.
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