Credit institutions expect rosy prospects for 2019
The September survey shows that 82.3 percent of the questioned credit institutions forecast quarterly improvement in their business performance for Q4, and 87.1 percent expected the same for this year compared to 2018. Notably, 28.4 – 29.7 percent of them predicted “much improvement”, compared to 20 – 27.4 percent in the June survey.
Up to 91 percent of the interviewees believed that their pre-tax profit this year will increase from 2018, 3 percent forecast unchanged figures, and 6 percent were worried about a decline.
The mobilised capital across the system is expected to grow 4.39 percent in Q4 and 13.06 percent in 2019, down 0.42 percent from the previous survey’s forecast but still higher than the 12.45-percent pace in 2018.
Credit growth of the whole system is forecast at 4.85 percent for Q4 and 13.61 percent for this year, down 0.72 percent from the expectation in the previous survey and also lower than the 13.88-percent expansion in 2018.
Meanwhile, 79.4 percent of the credit institutions predicted that risks of client groups will remain unchanged, 12.8 percent said risks may rise “slightly”, and 7.8 percent expected they will decrease.
For 2019, 60 percent said risks of client groups will stay stable compared to last year, and another 20 percent expected a fall.
According to the survey, 76.5 percent of the respondents reported improved business performance in Q3 compared to Q2, with 20.6 percent “much improved”.
Related News
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export
Strictly control and combat gold smuggling
13:49 | 04/05/2024 Anti-Smuggling
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
Latest News
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
More News
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance
Price adjustment should be in implemented in appropriate time to control inflation
13:56 | 14/05/2024 Finance
Fiscal policy is expanded and flexible to promote economic growth 2024
13:28 | 13/05/2024 Finance
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy
08:16 | 12/05/2024 Finance
Prevent corruption and group interests in developing financial laws
10:07 | 11/05/2024 Finance
"Creativity in revenue collection to achieve set goals in difficult contexts"
14:55 | 10/05/2024 Finance
Strive to effectively implement Global Minimum Tax in Vietnam
10:22 | 10/05/2024 Finance
Your care
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance