Vietnam credit growth forecast to hit 14% in 2021: Fitch Solutions
A GDP growth of 5.8% in 2021, nearly double the 2.9% growth last year, would boost credit demand.
A GDP growth of 5.8% in 2021, nearly double the 2.9% growth last year, would boost credit demand.
The banking sector is set to have a bright outlook in case the economy return to the uptrend growth.
Up to 64% of respondents in Vietnam applied for online credit in 2019 at least once.
A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.
The negative outlook reflects some ongoing risk of payment delays on some of the government's indirect debt obligations.