Vietnam bad debt to rise 36 pct by end-2008
dec 01/08



HANOI - Bad debt in Vietnam's banking sector is forecast to rise 36 percent to 30 trillion dong ($1.82 billion) at the end of this year from an estimated 22 trillion at the end of September, a central bank official was quoted as saying.

Le Xuan Nghia, head of the State Bank of Vietnam's Banking Development Strategy Department, said most of the bad debt would come from the real estate sector and inefficient businesses, the state-run online Vietnam Net newspaper (www.vietnamnet.vn) reported.

($1=16,514 dong)

(Reporting by Ho Binh Minh; Editing by Alan Raybould)

$1.82 billion is a lots of money if you ask me,

is there such a thing as bad debt in Vietnam's banking industry, you know what I mean ?

Judging by this trend, Vietnam will collapse in 2009.

Oh please. What's up with you and bashing Vietnam? You want China to absorb Vietnam or something?

And plus, USA owes $700 billion.