Credit demand in all sectors is forecast to continue to rise in the first half of 2023 and the year as a whole, according to a recent survey on business trends in credit institutions released by the State Bank of Vietnam (SBV).

The manufacturing and processing sector is predicted to see the highest credit demand, followed by construction, transportation and warehousing, and import and export activities.

Economic growth, investment and trade opportunities, interest rate changes, the increasing need for investment in production and trade, rising consumer demand, and improved services quality are considered factors that many credit institutions forecast will have a positive impact on growing credit demand.

However, the survey also revealed that many credit institutions plan to tighten conditions to grant credit for investment in real estate and stocks.