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.
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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, Mobile Banking
, Retail Banking
, Eximbank Vietnam