Vietnam central bank plans to restructure four weak commercial banks to fortify the nation’s banking system. The underperforming banks, DongA Bank, Vietnam Construction Bank, Ocean Bank, and Global Petro Bank will be part of the central bank’s efforts to consolidate the local banking system and address non-performing loans. The bank noted that bad debts from local credit institutions accounted for 2.91% of their outstanding loans by the end of February and could potentially reach around 5% due to a real estate slump since 2022.