Nov
11
Vietnam Banks Topping World Are Still Tempting to Dragon Capital
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Profits poised to `take off’ next year, says Dragon CIO
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Bad debt at one-sixth of level during 2012 loan-crisis peak
To get a sense of how Vietnam has emerged from its bad-debt crisis of three years ago, consider the following.
Shares of the nation’s three biggest banks have climbed an average 62 percent this year, with Bank for Investment & Development of Vietnam being the best-performing frontier-market stock of 2015. Non-performing loans as a proportion of all lending are about one sixth of their levels from three years ago and loans for real-estate purchases are booming…
Vietnam Banks Topping World Are Still Tempting to Dragon Capital
