Vietnam's banks forecast strong credit, deposit growth

Thanh Nien News

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 An undated photo of stacks of money arranged inside a bank in Hanoi. Photo: Ngoc Thang
Banks in Vietnam are aiming for an average increase of 17.46 percent in deposit and 21.4 percent in credit this year, following their "improved" performance last year, according to a survey released by the central bank on Tuesday.
Both the figures are much higher than the central bank's estimates of 13.59 and 18 percent, respectively, for last year.
Most of the banks which joined the survey expected their business to continue to pick up this year, with a lower ratio of non-performing loans.
At the end of last year, more than 90 percent of banks said their ratio was lower than the limit of 3 percent, the central bank said.
More than half of the surveyed banks believed the banking sector's liquidity will remain "good," while 41 percent forecast it will be "even better" for both the dong and foreign currencies.
Jobs in the sector are also expected to increase with 64.2 percent of the banks planning to expand this year, according to the survey.

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