HANOI, Jan. 15 (Xinhua) -- Most credit institutions in Vietnam forecast their business performance in the first quarter of 2025 and the whole year of 2025 to be more positive than last year, local media cited the State Bank of Vietnam as saying on Thursday.

According to a Q1 2025 survey conducted by the central bank on business trends of all credit institutions, 74.6 percent and 84.2 percent of credit institutions predict their business situation will improve in the first quarter and the whole year of 2025, respectively.

About 85.1 percent of credit institutions expect their pre-tax profits to grow positively in 2025 compared to 2024.

Only 9.6 percent of credit institutions are still concerned about negative profit growth in 2025 and 5.3 percent forecast that their profits will remain unchanged.

Credit institutions also expect customer demand for banking services to improve at a greater pace in Q1 2025 and the whole year 2025 than in Q4 2024.

Vietnam's credit growth was reported at 15.08 percent as of Dec. 31, 2024, equivalent to nearly 15.6 quadrillion Vietnamese dong (610 billion U.S. dollars), according to the central bank. Enditem

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