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Vietnam's credit firms upbeat on Q3 results

A survey conducted by the State Bank of Vietnam (SBV) showed that a majority of credit institutions in the country are optimistic about their business performance this quarter. The survey showed that up to 80.7% of credit institutions in the country expected their business performance to improve in Q3 against the previous quarter. About 54.6% of credit institutions expected their business activities to increase slightly compared to Q2 2022, while 38.9% expected to see no change. About 6.5% were worried about a slight decline in business results. Rising demand in the economy for banking products and services, along with rebounding business and financial conditions of customers are the most important factors cited by the institutions.

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