Many banks have reported large profits of up to trillions of Vietnamese đồng in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs.
Experts have raised concerns about the involvement of real estate companies in commercial banks, warning it may pose risks to the financial system and the whole economy.
The State Bank of Việt Nam (SBV) and the State Treasury of Việt Nam have injected hundreds of trillions of Vietnamese đồng into the market through foreign currency purchases from commercial banks.