SBV: Credit institutions expect profits to continue upwards
According to a survey of credit institutions on credit trends in the first quarter of 2022 announced by the Forecast and Statistics Department at the State Bank of Vietnam (SBV), 95 per cent of respondents expect pre-tax profits to grow this year, while 3 per cent expect the figure to remain unchanged and only 2 per cent are concerned about falling profits. In addition, 60.4 per cent said that the SBV’s credit policy and interest and exchange rates are the key factors helping improve business activities.