Credit growth will be the main focus for the banking industry in 2024, as it closely relates to economic growth, according to analysts.
Banks said about 70 per cent of assets, which are mortgaged at banks for loans, currently are real estate.
The banks are MB, Techcombank, Vietcombank, MSB, ACB, VietinBank, BIDV, TPBank, SeABank, and Sacombank.
In tandem with forecasts regarding potential reductions in policy interest rates, discussions surrounding a potential reduction in reserve requirements have emerged in the last couple of weeks.
Banks will have to exercise caution to ensure stable liquidity when trillions of Vietnamese dong in savings deposits reach their maturity dates over the next few months, according to experts.
Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
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