Total outstanding loans expected to expand 4.4% in Q1

January 17, 2024

HCMC – Total outstanding loans in the economy are expected to rise by 4.4% in the first quarter of this year, signaling a departure from earlier forecasts, according to the State Bank of Vietnam’s Department of Forecasting and Statistics. It is anticipated that deposits will rise by 2.6% in the first quarter, followed by a robust surge of 12.1% throughout 2024. Despite hopes for a fall in bad debt, the survey pointed out that the ratio of non-performing loans to total gross loans among banks picked up in the fourth quarter of 2023. However, optimism remains as a mild reduction is projected for quarter one of 2024. The performance of Vietnam’s banking sector in the final quarter of last year improved mildly compared to the preceding quarter.

The source of this news is from The Saigon Times