Vietnam's gross domestic product (GDP) is likely to accelerate 5.8% next year, providing the government makes a realistic change in its current bad debt settlement. According to Tomoyuki Kimura , the Asian Development Bank country director in Vietnam , the effective settlement of the bad debt is likely to enhance the quality of credit for local businesses, which would help to expand their production and operations. The country's bad debts were recorded at 4.62% of banking system's outstanding loans at the end of September, while international agencies estimated bad debt ratio at 10%-15%. The banks lending increase by 11 % till Dec 27 this year, while it is likely to expand 12% by year end.
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