What are the major banks in Vietnam?
Largest banks
- VietinBank $1.56 billion (32,661 billion VND)
- Agribank $1.39 billion (29,154 billion VND)
- Vietcombank $1.10 billion (23,174 billion VND)
- BIDV $1.10 billion (23,011 billion VND)
- Eximbank $0.59 billion (12,355 billion VND)
How many types of banks are there in Vietnam?
The Vietnamese commercial bank system includes: 5 state-owned commercial banks, 34 joint-stock commercial banks, 4 joint-venture banks, 35 branch offices of foreign banks and representative offices, 6 financial companies and foreign banks.
What is the central bank of Vietnam?
The State Bank of Vietnam
The State Bank of Vietnam serves as the country’s central bank. Established in 1961, the country’s central bank supervises all credit institutions and banks in Vietnam to ensure their compliance with domestic monetary laws and policies.
What are the international banks in Vietnam?
Here is the top list of popular foreign banks in Vietnam:
- Hongkong – Shanghai Bank Vietnam Limited (HSBC)
- Australia and New Zealand Banking Group Limited (ANZ Bank)
- Standard Chartered.
- Citibank Vietnam.
- Shinhan Vietnam.
- United Overseas Bank Limited (UOB)
Does Vietnam have private banks?
Techcombank and VPBank were two of the most profitable banks in 2020. Analysts say it is easy to understand why the private joint stock banks have been able to keep up with or even surpass the State-owned lenders. Analysts say most Vietnamese banks still heavily rely on interest income to earn profits.
Who owns the State Bank of Vietnam?
the Government
The State Bank of Vietnam (hereinafter referred to as the State Bank) is a ministerial agency of the Government, which performs the State management of monetary and banking activities and acts as the Central Bank of the Socialist Republic of Vietnam; and performs the State management of public services under the …
What is the banking system in Vietnam?
There are two tiers in banking sector in Vietnam. The first one is State Bank of Vietnam (SBV) which is responsible for monetary policy and supervision/regulation of the banking system in Vietnam. The second one consists of commercial banks, financial companies, credit co-operatives, people’s credit funds, and insurance companies.
What are the tiers in the banking sector in Vietnam?
There are two tiers in banking sector in Vietnam. The first one is State Bank of Vietnam (SBV) which is responsible for monetary policy and supervision/regulation of the banking system in Vietnam. The second one consists of commercial banks, financial companies, credit co-operatives, people’s credit funds,…
Is Vietnam ready for foreign investment in the banking sector?
Also SBV had granted 5 licences to permit HSBC, Standard Charter Bank, ANZ Bank, Shinhan Bank and Hong Leong Bank to establish as wholly-owned foreign banks There are solid evidences to prove that Vietnam’s banking sector has such a huge potential for foreign investment
What are the largest commercial banks in Vietnam?
State owned commercial banks (SOCB) account for more than 40% of market share. The largest bank in terms of total assets, network and still 100% state owned share is Agribank. And four other SOCB areVietcom bank, Viettin Bank, BIDV and MHB.