HANOI: After enduring a year of economic slowdown and rise in non-performing loans (NPLs) last year, profitability of the Vietnamese banking industry will strengthen in 2024 as stronger domestic operating conditions and low interest rates drive improvements in borrower debt serviceability and asset quality, analysts forecast.
In a report released this week, Vietnam Investors Service (VIS Rating) predicts the industry’s return on average assets (ROAA) will recover from wider net interest margins (NIM) and stronger loan growth and support capital generation.
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