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Vietnamese banks strengthen provision buffer for defaulted loans

HANOI, Dec. 14 (Xinhua) — Amid rising non-performing loans (NPLs), many banks in Vietnam have strongly increased their loan loss reserve (LLR) funds to readily face uncertainties in the future, local media reported Wednesday.

The move is a positive signal reflecting the preparation of banks for unpredictable fluctuations, local newspaper Vietnam News reported on Wednesday.

Banks reported a strong surge i