Vietnam bad debt, credit risk rising, central bank governor says

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Vietnam's bad debt and credit risk are rising, central bank Governor Nguyen Van Binh said as he outlined the challenges faced by the country this year.

Inflation has slowed, though the pace of price increases is still at "a high level," Binh said in a statement posted on the central bank's website Sunday.

The country will manage monetary policy in a "tight, flexible and comprehensive manner," stabilize the value of the dong, and "tightly monitor" the quality of loans, he said.

In Vietnam, interest rates, the foreign exchange market and gold prices are "not stable yet," according to Binh. Liquidity at banks is "not steady yet," he said.

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