The total non-performing loans ( NPLs) of credit organizations in Vietnam were valued at over 138 trillion Vietnamese dong (6.5 billion U.S. dollars) as of July, accounting for 4.58 percent of the total outstanding debts.

After falling from 4.67 percent in May to 4.46 percent in June, the number of NPLs increased again in July, the website of Vietnamese government on Tuesday quoted the report of the State Bank of Vietnam as saying.

At present, credit institutions are increasing risk prevention funds to resolve NPLs and reschedule deadlines for debt payments in a bid to minimize difficulties for enterprises, said the report.

According to the report, the Vietnam Asset Management Company ( VAMC) has set to handle 40-70 trillion Vietnamese dong (1.9-3.3 billion U.S. dollars) of non-performing loans (NPLs) in 2013.

The VAMC is a 100-percent state-owned company managed by the State Bank of Vietnam, the country's central bank. The company is permitted to buy bad debts from banks and will recover debts and put collateral up for sale as well as restructure debts. The VAMC officially commenced operations in early July. Endi

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