Vietnam’s banking system records 10 quadrillion VND in total asset

The total assets of the Vietnamese banking system surpassed 10 quadrillion VND (440 billion USD) in late 2017, according to the State Bank of Vietnam.
vietnams banking system records 10 quadrillion vnd in total asset

Illustrative image (Source: VNA)

Of the figure, 4.57 quadrillion VND was from State-owned commercial banks, accounting for 45.7 percent, up 18.34 percent. Meanwhile, commercial joint stock banks owned 4.03 quadrillion VND, or more than 40 percent of the total, marking a 17.69 percent increase. Joint-venture and foreign banks recorded a 15.19 percent rise in assets worth a total 954.165 trillion VND while financial and financial lease companies had 141.899 trillion VND, up 24.07 percent. As of late 2017, total equity capital of the system rose by 11.64 percent to 714.106 trillion VND. Commercial joint stock banks recorded the highest amount of fixed capital, amounting to 290.626 trillion VND, up 14.35 percent while State commercial banks had 254.655 trillion VND, up 10.96 percent. Joint-venture and foreign banks posted 141.838 trillion VND in equity capital, up 8.31 percent. The espective figure for financial and financial lease companies, and cooperative banks was 23.353 trillion VND and 3.633 trillion VND. Chartered capital of commercial joint stock banks went up 6.94 percent to 214.791 trillion VND. The capital adequacy ratio of State commercial banks stood at 9.52 percent, slightly higher than the regulated 9 percent. The commercial joint stock banks recorded a ratio of 11.47 percent. The rate of short-term capital used for mid and long-term loans was 33.44 percent for State commercial banks and 34.47 percent for commercial joint stock banks.-VNA

Source: VNA

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