A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.
Customers at a Vietcombank branch. About 72.5-80.7% of credit institutions expected their business performance results in Q3 2022 to improve against the previous quarter. (Photo: VNA)
Hanoi (VNS/VNA) - A majority of credit institutions (CIs)are optimistic about their business performance in Q3 2022, the State Bank of Vietnam(SBV)’s latest survey on business trends of credit institutions showed.
Under the survey released last week, 72.5-80.7% of CIs expected their businessperformance results in Q3 2022 to improve against the previous quarter.
In Q3 2022, 54.6% of CIs expected their business activities to increaseslightly compared to Q2 2022, while 38.9% of CIs expected to see no change and6.5% of CIs were worried about a slight decline in business results.
In 2022, 87.7% of CIs hope their pre-tax profit growth to be positive comparedto 2021, while 3.8% of CIs expect unchanged profit. However, about 8.5% of CIsare still concerned about negative profit growth in 2022, higher than the 5.8%recorded in the survey in March 2022.
According to CIs, rising demand of the economy for banking products andservices, along with rebounding business and financial conditions of customersare the most important factors to help them improve business performance in Q22022.
Meanwhile, the main factor hindering their growth in the period was fiercercompetition in the market.
After maintaining good liquidity in Q2 2022, CIs expect the liquidity of thebanking system to be continually better in Q3 2022 and the whole year, comparedto 2021.
CIs expected the banking industry to gain an average deposit growth of 4.9%in Q3 and 11.5% for the whole year. They estimated the credit of the bankingsystem to rise by 4.1% in Q3 and reach 15% in 2022.
According to the survey results, the bad debt ratio of the banking system wasbasically unchanged, or only slightly decreasing in Q2 2022 and Q3 2022compared to the previous quarter.
CIs said the growth of the workforce and employment situation of the bankingand finance industry slowed compared to the previous quarter and was expectedto have more positive developments in the whole of 2022 compared to 2021./.
Four commercial banks signed agreements to provide loans worth a total of 4.66 trillion VND (200 million USD) to 20 companies operating in Ho Chi Minh City-based industrial parks and export processing zones at a meeting connecting banks and businesses held last week.
Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Customers at a Vietcombank branch. About 72.5-80.7% of credit institutions expected their business performance results in Q3 2022 to improve against the previous quarter. (Photo: VNA) 
