HÀ NỘI — Pre-tax profit growth of the whole banking industry will decelerate in 2023 and there will be a significant difference in the growth between small- and large-sized banks, experts forecast. Many real estate projects are still in the process of completing legal procedures or have not completed construction and handed over apartments to homebuyers as planned. The above difficulties are forecast to directly affect the stability of the real estate market and a number of related industries such as iron and steel, building materials and construction. By 2024, VCBS forecast the risk of bad debt might increase again and there would be a divergence. Specifically, the group of banks with good asset quality would record bad debt and debt restructuring at a moderate level.

Source: Viet Nam News July 22, 2023 14:42 UTC