Vietnam’s Military Bank sees 2016 net profit growing 7-10 pct
Military Bank, Vietnam’s sixth biggest bank by market value, has cut bad debt to 1.8 percent of total loans, and its 2016 net profit could grow by 7 to 10 percent, its vice chairman said on 24 September.
Vietnam’s banks, once blighted by crippling levels of non-performing loans (NPLs) of as high as 17 percent, are far outperforming its stock market, Asia’s strongest market so far this year with a rise of 4.5 percent.
