Thị Thanh Tùng, Deputy Director of the SBV’s Department of Credit for Economic Sectors, said nearly 50 per cent of banks have established a risk management division for environment protection lending.
Vietnamese banks showed great performance in 2022, consolidated by a credit growth rate of nearly 13 per cent and an economic growth rate of 8 per cent, the highest in the last 25 years.
Liquidity risk among Viet Nam''s commercial banks remained low as major efforts have taken place in recent decades to bolster the banking sector''s resilience, according to experts.
Improving the non-performing loan (NPL) resolution framework is a high priority for the banking sector to ensure efficient and effective bad debt resolution, as forecasters predict bad debts will rise post-pandemic.
The Vietnamese banking sector is an attractive investment opportunity because it is generating a lot of capital and growing fast, according to a senior banker at JP Morgan.
In the first half of 2018, the Vietnamese banking sector enjoyed VND35.5 trillion (US$1.53billion) in net profit, equivalent to 64 per cent of the previous year.
The An Binh Commercial Joint Stock Bank (ABBank) has announced that its pre-tax profit reached VND288 billion (US$12.8 million) in 2016, representing an annual increase of 169 per cent, mostly thanks to strong returns from the retail banking segment.
Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’ weak credit profiles.
The Vietnamese banking industry should take advantage of the Trans
Pacific Partnership to develop and integrate with global markets, a
seminar heard in HCM City yesterday.
The 2015 results of Vietnamese banking testified to an ongoing process
of recognising and cleaning up problem assets, a credit positive,
Moody''s said in a new report released midweek.
The outlook for the Vietnamese banking system is stable, driven by the
country''s good economic growth and stabilising asset quality and good
liquidity.