The total non-performing loans (NPLs) in Vietnam have seen a consistent decline from 3.11 units in 2013 to 1.56 units in 2023. This represents a significant downward trend, indicating an improvement in the quality of loans and a more stable banking environment.
From 2020 to 2022, the year-on-year variation was -3.47% and -3.59%, respectively. The 5-year compounded annual growth rate (CAGR) from 2019 to 2023 was approximately -2.17%. This shows a stable and continuous reduction in NPLs.
Future trends to watch for:
- Technological advancements in fintech impacting loan management.
- Regulatory changes affecting banking sector stability.
- Economic factors influencing loan performance and default rates.
