According to statistics from the State Bank of Việt Nam (SBV), as of May, State-owned banks’ combined equity was VNĐ252.472 trillion (US$10.83 billion), down 0.86 per cent.
LienVietPostBank has decided to lower its main business targets for the year as it attempts to expand its network and focus on technology and sustainable development.
Results from the half of this year show Việt Nam’s economy maintains an impressive growth momentum. However, despite the promising economic prospects this year, the economy still faced many challenges.
Việt Nam aims to have at least 2 or 3 banks in Asia's top 100 largest banks in terms of assets by 2025.
Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
The Bank for Investment and Development of Việt Nam (BIDV) has recently issued 10-year and 12 year-bonds worth a total of VNĐ430 billion (US$18.29 million).
Many banks are likely to seek an increase in their credit limits like they did in previous years when they used up their assigned quota halfway through the year.
Vietnamese shares fell on Thursday as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.
The State Bank of Việt Nam (SBV) will not adjust upward credit growth limits for commercial banks, except in some special cases, for the rest of the year, SBV Governor Lê Minh Hưng said.