A majority of credit institutions in the country expect an upward trend in their business in 2019. (Photo: VNA)Hanoi (VNA) - A majorityof credit institutions in the country expect an upward trend in their businessin 2019 after gaining good results last year, according to a State Bank ofVietnam (SBV) survey released recently.
Under the business sentiment survey, whichcovered domestic and foreign commercial banks operating in the country, 86percent of credit institutions said their business situation improved in 2018,and 88 percent hoped it would continue to get better this year, of which 35percent anticipated ‘significant improvement’.
A majority of the institutions also believethe banking system’s liquidity in terms of both the Vietnamese dong and foreigncurrencies will remain positive in 2019.
They said the rate of non-performing loans outof the outstanding credit balance was kept at a low level last year and tendsto decline in 2019. They expect a growth rate at 13.9 percent for capitalmobilisation and a credit growth rate at 15.27 percent by the end of this year,with faster growth in mobilised capital and credit in the Vietnamese dong.
The institutions added the businessenvironment for them has been strongly improved since last year and moreimprovement was expected for this year.
About 80.7 percent of them predict the demandfor banking services will increase, and clients will have the biggest demandfor getting loans, making deposits and using payment services.
While 63.5 percent forecast overall risks ofall client groups will remain stable in 2019, 15.3 percent said the risks arelikely to decrease, the survey shows.
With optimism about growth prospects for 2019,banks also forecast the industry’s labour market to see positive changes in thecoming months, of which some 76.74 percent of them plan to recruit more thisyear and 18.61 percent to keep the workforce unchanged.-VNA
VNA
