As per statistics from the State Bank of Vietnam (SBV), till the end of August, the total assets of the whole banking system reached more than 5,030 trillion dong, rising 1.42 percent from the end of 2011 and keeping constant growth in the past five months.
The total chartered capital of the entire banking system reached over 386.6 trillion dong, rising 9.69 percent over the end of 2011 and virtually remaining unchanged in the past four months.
The return on assets (ROA) and return on equity (ROE) after declining in May surged again in June, July and August, at 0.39 percent and 4.14 percent as of August 30.
Amongst five types of credit institutions, the group of commercial joint stock banks (accounting for the biggest proportion) continued to see declines in asset. As of August 30, the total assets of this group reached nearly 2,225 trillion dong, down 1.66 percent from the end of 2011 and slightly down from the end of July.
The group of state-owned commercial banks (including Vietnam Commercial Joint Stock Bank for Foreign Trade-Vietcombank and Vietnam Commercial JS Bank of Industry and Trade-VietinBank) posted total assets of more than 2,075 trillion dong as of August 30, rising 5.37 percent from the end of 2011 and continuously being improved in the past five months.
Regarding chartered capital, the group of state-owned commercial banks posted the strongest growth with nearly 111.4 trillion dong as of the end of August, rising 27.87 percent from the end of 2011 and remaining unchanged during the past four months.
The group of commercial joint stock banks posted total chartered capital of 172.7 trillion dong as of August 30, up 5.17 percent from the end of 2011 and virtually remaining unchanged in the past three months.
The capital adequacy ratio (CAR) of the whole banking system continued to be kept at above 14%, higher than the prescribed level of the central bank at 9%.
The ROA and ROE of the central credit fund group continued to be at the highest level in the whole system, at 1.68 percent and 8.41%, however, this group accounted for the smallest proportion in terms of total assets, and followed by the group of joint venture banks, foreign banks, state-owned banks and commercial JS banks. The group of finance companies and financial leasing companies posted the ROA and ROE at 0.09 percent and 1.21%.
As of June 15, 2012, the banking system included five state-owned commercial banks, 35 commercial joint stock banks, 59 branches of foreign banks, joint venture banks and 100 percent foreign banks, 30 finance companies and financial leasing companies.
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