The majority of credit institutions in Vietnam anticipate that their business performance will improve in the second quarter of the year, according to a survey conducted by the State Bank of Vietnam.
More than 72% of credit institutions expect their pre-tax profits in 2018 to grow in comparison with the previous year, with an average increase of 18.2%, although the figure is lower than the 19.3% increase as predicted in the previous survey.
Credit institutions said the better results would come as a result of their improved policies and customer services, as well as significant increases in demand for their services and products.
Stronger management and operational safety rules are also a factor that is expected to help credit institutions enhance their business performance, according to the survey.
Concerning the health of their customers, 76% of credit institutions said the overall risk is currently at a normal level, while 18% said the risk is low, compared with the previous quarter’s respective figures of 76% and 15%.
The liquidity of the banking system is also expected to improve and maintain its positive status in the coming quarters while banks’ outstanding credit is anticipated to expand by 4.85% in the April-June period and 16.3% in all of 2018.