Banks would continue to tighten lending in risky sectors including securities, real estate, financial and tourism business, seeing higher credit risks in the remaining months of this year.
The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, Moody’s Investors Service says in a recent report.
With increasing demand for credit and more people taking part in financial activities, a watchdog is required to protect consumers, a workshop on protection of finance consumers heard in HCM City on April 26.
