70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 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
18:14, 2024/04/19
Vietnam’s c.bank sells USD to stabilize exchange rate
The move is aimed at alleviating market concerns, increasing foreign exchange supply, and ensuring smooth liquidity.
21:31, 2024/04/15
Central bank to auction gold to calm domestic market
Domestic gold prices have surged in recent weeks amid rising geopolitical tensions.
15:12, 2024/04/04
Vietnam's Central Bank ready to steady foreign exchange market
With more than $100 billion in foreign exchange reserves, the State Bank of Vietnam (SBV) is ready to intervene to stabilize the exchange rate as needed.
14:12, 2024/03/23
Finance ministry clears bottlenecks to pave way for stock market upgrade
One of the key measures is to allow securities companies with sufficient capacity to provide services without requiring foreign investors to have 100% of the funds before placing purchase orders for securities.
22:20, 2024/03/20
Over 60% of Vietnamese use QR codes to pay
Vietnam also leads Southeast Asia in terms of new e-wallet users.
20:39, 2024/03/18
Casinos contribute US$370 million to state budget over 5 years
The number of Vietnamese gamblers is falling.