However, financial institutions and investment funds are now replacing foreign banks. According to banking experts, in the past, the value of deals were relatively small and did not draw interest from major investment funds. As a result, foreign banks poured investment into domestic banks as a strategy to enter the Vietnamese market. Now, they have given way to investment funds. According to HSBC Vietnam, the outlook of the banking industry is still positive. The sector's average growth of 20-25% per year is still feasible in the next several years. The profit growth of foreign banks will be lower, from 15% to 20% per year, but is still considered very high compared to other markets.
