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.
Other News
- HSBC raises Vietnam’s GDP growth forecast to 6.5% in 2024
- Hanoi to push for smart tax agency
- Taxes revenue from online shopping in Vietnam nearly triple in H1
- Banks inject over US$20 billion into economy in June, surpassing five-month total
- Corporate bond issuance almost triples in H1
- Vietnam climbs 11 places in budget transparency ranking
- Finance ministry cut fees for fifth time
- Corporate capital demand set to accelerate in H2
- US says Vietnam not manipulating currency
- Number of securities accounts in Vietnam reaches new high
Trending
-
State Funeral held for Communist Party Chief Nguyen Phu Trong
-
Vietnam news in brief - July 26
-
Legal tools required to tackle air pollution issues in Hanoi
-
How fake news hooks us?
-
South Korean writer spends 10 years on book about CPV General Secretary
-
Rustic charm of Hanoi's street vendors: Timeless beauty
-
iHaNoi sees 52,000 registered accounts, 20,000 daily visits
-
Youth-Led Environmental Initiative in Hanoi
-
Unique lotus flower art on display in Hanoi