The Asian Banker

Vietnamese commercial banks’ retail credit growth gathering pace
The country’s year-to-date loan growth of 5.02% can be attributed to smaller commercial banks pushing on consumption loans.

Aug 13, 2013 | Bertrand Pigeon

According to a recent report published by Vietcombank Securities, the lending landscape in Vietnam is starting to change; customers are migrating from state-owned banks to commercial banks, in terms of their retail credit preference. State-backed financial institutions have fallen short of their 2013 mid-year targets, largely attributable to poor domestic asset quality. According to State Bank of Vietnam (SBV), the country’s non-performing loans accounted for 6% of total outstanding loans of $130 million; Vietnam has the highest level of bad debts in the Southeast Asia region because…

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Categories: Auto-financing, Mobile Banking, Mortgage, Retail Banking, Vietnam
Keywords: SBV, Agribank, BIDV, Vietcombank, Vietinbank, Eximbank Vietnam, Sacombank, Techcombank
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