Most credit organisations and branches of foreign banks in Vietnam have shown their optimism about business prospects in 2015, according to a survey conducted by the Statistics and Forecast Department under the State Bank of Vietnam.

The survey indicated that the liquidity of the banking system is improved, bad debts are controlled as well as mobilising and lending activities are on the rise.
Credit organisations expect capital sources mobilised from the economy to continue increasing in the first quarter and the whole year as well.

They said customers’ demands for using banking products and services will experience a remarkable recovery as a result of a sharp rise in 2014.

About 84-97 percent of surveyed institutions forecast a 3.5 percent growth in credit balance in the first quarter of 2015 and the figure is expected to reach 14.57 percent for the whole year.

In addition, the organisations are looking to the bright future of their bad debt rate, which is thought to be stable at 3 percent of total credit balance.-VNA