Net interest income (NII) at leading Vietnamese banks rose modestly last year, as lenders cut funding costs and loan demand increased. The country’s economy expanded by 2.9% in 2020, putting it among the best performers globally while many nations entered recession.
At VietinBank, NII increased 8.3% year on year to $1.54bn in 2020, while at Vietcombank NII rose 5.3% to $1.57bn, according to The Banker Database. At the Bank for Investment and Development of Vietnam, NII held steady last year at $1.55bn.
