Vietnam’s banking sector to see 17% earnings growth in ’25

Vietnam’s banking sector earnings are expected to grow from 14 per cent in 2024 to 17 per cent in 2025, driven by a shift in GDP growth drivers from external to domestic factors, as reported by Xinhua citing Vietnam News on Thursday.

VinaCapital expects Vietnam’s export growth to the United States to decline this year, but anticipates that higher infrastructure spending, real estate development, and consumer spending will help offset the decrease.

VinaCapital experts emphasised that increased infrastructure spending, improved consumer sentiment, and a real estate market revival would boost banks’ credit growth, support net interest margins, and enhance asset quality recovery in Vietnam.

Attribution: Xinhua

Subediting: Y.Yasser