Hanoi, Jan. 29 -- Credit growth will be the main focus for the banking industry in 2024, as it closely relates to economic growth, according to analysts.

In 2023, credit growth was lower than expected but improved significantly in the last months of the year. The low credit growth was primarily due to inflation, high lending interest rates, weak economy, low exports and real estate market freezing.

However, analysts believed credit will increase significantly again in 2024 thanks to a loose monetary policy and a low interest rate environment. In that context, the banking industry, which is sensitive to interest rates , will be the first to benefit.

Under a 2024 strategy report released recently, analysts from VNDirect Securities Compan...