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The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietnamese: Ngân hàng Thương mại Cổ phần Công thương Việt Nam), trading as Vietinbank, is a state-owned Vietnamese bank. As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion (around $76 billion) of assets under management .
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing.
As of December 31, 2023, LPBank's total assets reached over VND382,953 billion, [1] up 17% from the beginning of the year. Market segment 1 mobilization activities reached VND285,342 billion; [2] [3] credit growth reached VND39,686 billion with a rate of 16.83%, in line with the ceiling allowed by the State Bank of Vietnam.
Top service-exporting countries [2] Country Exports (in millions USD) Year United States: 1,026,593 2023 ... Vietnam: 19,594 2023
In 2001, the ruling Communist Party of Vietnam approved a 10-year economic plan that enhanced the role of the private sector, while reaffirming the primacy of the state. [36] Growth then rose to 6% to 7% between 2000 and 2002 even in the midst of the global recession , making it the world's second fastest-growing economy.
Ngân hàng TNHH MTV Woori Bank tại Việt Nam WooriBank Vietnam South Korea Keangnam Landmark72, E6 Pham Hung, Nam Tu Liem Dist., Hanoi Capital Ngân hàng TNHH MTV CIMB Bank Việt Nam CIMB Vietnam Malaysia The Hallmark, 15 Tran Bach Dang, Thu Duc City, HCMC Ngân hàng TNHH MTV Public Bank Việt Nam Public Bank Vietnam Malaysia
In 2023, Techcombank, a joint stock commercial bank in Vietnam, was awarded the "Best Financial Institution for Syndicated Loan in Vietnam" at The Asset Triple A Country Awards. [25] [26] [27] The Asian Banker has recognized Techcombank as the "Best Retail Bank" in Vietnam. [28] [29] Best Customer Engagement Bank in Asia awarded by IDC. [30] [31]
The Vietnam International Commercial Joint Stock Bank (Vietnamese: Ngân hàng TMCP Quốc tế Việt Nam), abbreviated as "VIB", [1] [2] is a commercial bank in Vietnam. [ 3 ] [ 4 ] It was established in 1996 and is headquartered in Ho Chi Minh City.