Forecast upbeat for banking industry in 2025
Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.
Bank credit increases again in March
After declining in the first two months of this year, credit of the banking industry in March increased by 0.26% compared to the end of 2023 to about 13.6 quadrillion VND, the State Bank of Vietnam (SBV) reported.
Cutting rates too quickly could lead to credit risk
The Government has introduced measures to stimulate credit growth to spur the economy, but experts are concerned loans could flow into risky industries that are the most capital thirsty with high absorption capacity.
Five banks earned profits of more than 10 trillion VND in H1
Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.
Profit growth of banking industry forecast to slow in 2023
Pre-tax profit growth of the whole banking industry will decelerate in 2023 and there will be a significant difference in the growth between small- and large-sized banks, experts forecast.
Banking industry takes on economic challenges
Economic difficulties are on the shoulders of the banking industry as it has to stabilise the macro-economy, control inflation, and support economic growth and businesses, experts have said.
Big M&A deals forecast in banking industry in 2022
Vietnam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.
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