25/07/2023
Vietnam's economy is poised for robust growth in 2023, displaying remarkable resilience amid various domestic and external challenges. However, the country's reliance on the banking sector raises concerns due to recent headwinds in capital and credit markets. Notably, increasing corporate bond defaults and sluggish residential real estate sector performance are likely to impact the banking sector, as well as other sector outlook. As of 30 June 2023, the estimated total value of defaulted bonds stands at approximately 26.9% of non-bank corporate bonds outstanding.