31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Vietnam names 17 major banks in finance system
Ngoc Thuy 14:32, 2021/03/29
Banks in the list are classified as important pillars to the finance-banking system, and therefore subject to close credit risk monitoring and warning under the SBV’s instruction.

The State Bank of Vietnam (SBV), the country’s central bank, approved a list of 17 major credit institutions and foreign branches in the country’s finance-banking system in 2021.

 

The list included four major state-owned commercial banks, namely Agribank, Vietinbank, Vietcombank and BIDV, with combined registered capital making up 23.1% of the total in the banking system as of last August.

 Transactions at Eximbank. Photo: Viet Dung

The SBV estimated 17 banks in the list account for 70% of total outstanding loans in the system, while urging bank inspection and supervision agencies to continue closely monitoring risks related to the operation of these banks and prevent any major impacts to the local credit system. 

Banks in the list are classified as important to the system, and therefore subject to credit risk monitoring and warning system under the SBV’s instruction.

RELATED NEWS
TAG: bank Vietnam finance system Vietcombank ACB Techcombank Vietinbank
Other news
11:48, 2022/48/01
Vietnam looks for UK support in finalizing financial regulations: NA Chairman
Vietnam and the UK would strengthen cooperation in green finance, and digitalization of the financial sector, with the UK's assistance in providing the required resources for Vietnam to realize its commitments at the COP26.
10:43, 2022/43/27
Vietnam c.bank reportedly sells over US$10 billion from FX reserves
The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves.
14:28, 2022/28/23
Vietnam Deputy PM expects no disruption to petrol supplies
Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management.
16:51, 2022/51/22
Standard Chartered launches new head office in Hanoi
The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi.
14:35, 2022/35/21
Central Bank ready to meet market demand for foreign currencies
Such a move would help ensure that banks and credit institutions have the means to meet the demand for foreign exchange from individuals and organizations.
14:55, 2022/55/20
C.bank expects Vietnam's inflation to stay below 4% in 2022
Against the backdrop of rising USD value, the Vietnamese Dong has depreciated by a mild margin of 2% compared to Thai’s Bath (down 7%), Japanese Yen (14.6%), and Taiwanese dollar (5%).