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There are currently 49 banks in Vietnam, including the following banks: State Bank, joint stock commercial banks, joint venture banks, foreign bank branches in Vietnam and 100% foreign-owned banks. This list is incomplete ; you can help by adding missing items .
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.
Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded on 1 April 1963 as Bank for Foreign trade of Vietnam. It was span off from the Foreign Exchange Bureau of the State Bank of Vietnam [ 6 ] to be an exclusive bank for foreign trade.
BIDV was established on 26 April 1957 as the Bank for Construction of Vietnam (Ngân hàng Kiến thiết Việt Nam), under which name it operated until 24 June 1981, at which point it changed its name to the Bank for Investment and Construction of Vietnam (Ngân hàng Đầu tư và Xây dựng Việt Nam). It adopted its present name on 14 ...
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.
Vietinbank is majority owned by the State Bank of Vietnam. It holds 64% of the bank's shares after selling 20% to Mitsubishi UFJ Financial Group according to Bloomberg [12] and 67.4% according to estimates published by Gafin.vn. [13] Mitsubishi UFC is projected to hold 20%/ 16.1% and the International Finance Corporation 10%/ 8.4%.
In July 2023, the State Bank of Vietnam decided to apply special control measures to SCB. Subsequently, the bank continuously closed branches and transaction offices. [37] As of January 2024, police supposedly tried to find about 42,000 defrauded depositors who had not received interest or principal payments since the arrest of Lan in October ...
This was an expression of Bao Viet's new business model based on the three pillars of insurance, securities and banking. Besides basic banking services, the bank is also involved in insurance sales and wealth management advise. [7] Bao Viet Investment (55% owned by BVH [4]) was set up in January 2009 and specialised in construction investment ...