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Vietnam's banking sector to post 15 pct credit growth in 2025

0 Comment(s)Print E-mail Xinhua, December 27, 2024
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HANOI, Dec. 27 (Xinhua) -- The credit growth for the Vietnam's banking sector in 2025 will likely be at 15 percent, equivalent to the target for 2024 and higher than nominal GDP growth of about 10 percent, Vietnam News Agency cited experts as saying on Friday.

According to analysts of the Asia Commercial Bank Securities Companies, the real estate market in the country has gradually recovered, while the government has also been promoting public investment.

These factors will help stimulate an increase in credit demand, which will support banks' lending yields in the second half of 2025.

Meanwhile, commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9 percent year-on-year. Enditem

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