Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting.
Of note, the situation has changed dramatically since this report was released. Specifically, credit growth jumped from 9.15 percent in November to 13.5 percent at the end of December. That’s US$44.5 billion worth of credit issued in the first 11 months of the year, with US$21.2 billion issued in December.
Businesses have experienced broad challenges accessing loans over the past year, and with this in mind, it looks like a decent share of loans issued in December were extended to consumers.
Full report (Vietnamese): Banking industry report 2024