HÀ NỘI — Following an improvement in the first half of the year, the positive performance trend would continue for the banking industry in the second half thanks to high credit growth and supporting policies on settling non-performing loans (NPLs). VCBS analysts said credit growth target of 21-22 per cent this year may be feasible as lending often rises sharply during the latter months of the year. By August 21, credit growth reached 10.06 per cent, compared with 9.01 per cent during the same period last year. VCBS analysts also expected that the settlement of NPLs will be strengthened in the second half of 2017 after support policies were approved by the National Assembly. “New policies could have a positive impact by improving debt recovery with collateral, boosting the Vietnam Asset Management Company (VAMC)’s participation.

Source: Viet Nam News September 13, 2017 09:33 UTC