The total assets of Vietnam’s banking sector reached VND10,824 trillion (US$465.85 billion) as of November 30, 2018, up 8.23% compared to the beginning of the year, according to the latest report of the State Bank of Vietnam (SBV).
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Meanwhile, total assets of joint stock commercial banks were VND4,190 trillion (US$180.71 billion), increasing 9.07% compared to the beginning of the year and 41% of the total assets.
They were followed by joint venture banks and wholly foreign-owned banks with total assets of VND1,100 trillion (US$47.44 billion), up 18.34%; financial and leasing companies with VND154.89 trillion (US$6.68 billion), up 9.15%; co-operative banks with VND31.3 trillion (US$1.34 billion), up 9.15%; people’s credit funds with VND112.54 trillion (US$4.85 billion), up 9.71%; and Vietnam Bank for Social Policies with VND196.47 trillion (US$8.47 billion), up 11.86%;
As of November 30 2018, total own capital of the banking system reached VND785.65 trillion (US$33.88 billion), up 10.02% against the beginning of the year.
In terms of owner's equity, state-owned commercial banks are behind joint stock commercial banks-VND263.2 trillion (US$11.35 billion) against VND326.96 trillion (US$14.1 billion)-posting growth rates of 3.36 and 8.5% compared to the beginning of the year, respectively.
On the other hand, owner's equity of joint venture banks and wholly foreign-owned banks was VND159.61 trillion (US$6.88 billion), up 12.53%, and that of financial and leasing companies was VND32.12 trillion (US$1.38 billion).
The chartered capital of state-owned commercial banks in the last 11 months of 2018 was slightly unchanged (up 0.08%) at VND147.89 trillion (US$6.37 billion), while that of joint stock commercial banks reached VND262.3 trillion (US$11.31 billion), up 22%.
With regards to the capital adequacy ratio (CAR), all above-mentioned credit institutions rated above the 9% limit. However, the CAR of state-owned commercial banks is fast approaching the lower limit with 9.33%, while that of joint stock commercial banks is quite high, with 11.13%.
In terms of short-term capital for mid- and long-term lending, both state-owned and joint stock commercial banks have brought the rate under the acceptable limit of 40% according to law, reaching 31.43% and 33.77%, respectively.
