In the first half of 2024, many banks in Vietnam shifted focus from retail to corporate lending to drive credit growth. Banks like VPBank, VIB, and TPBank, previously known for retail lending, saw corporate loans surpass 50% by Q2 2024. Financial reports from 16 banks showed a 2.8 percentage point drop in retail loans, now at 38.96%. Nguyen The Minh of Yuanta Securities cited increased risks and bad debt as reasons banks are cautious with individual loans. However, retail credit may rebound later in 2024 as economic conditions improve. The new Circular 12/2024/TT-NHNN simplifies small loan procedures, potentially boosting consumer and retail lending.