Reducing cost is top priority for Vietnamese businesses as high inflation has affected 94 per cent of businesses surveyed in 2022, according to a new study by the Singapore-based United Overseas Bank (UOB).
A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Viet Nam (SBV)’s latest survey on business trends of credit institutions showed.
Many banks have reported large profits of up to trillions of Vietnamese dong in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs.
Business performance at banks is expected to improve significantly
during the second quarter, against the same period last year, a State
Bank of Viet Nam (SBV) survey said.
