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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.
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.
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 .
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 .
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]
Founded in the 1940s, the World Bank (WB) is an international financial institution. The WB has evolved into the World Bank Group (WBG), which consists of five closely related institutions: the International Development Association (IDA), the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency ...
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 ...
A branch of Asia Commercial Bank in Da Lat. Asia Commercial Bank, often abbreviated to ACB, is the largest private bank in Vietnam by assets, [citation needed] headquartered at 442 Nguyễn Thị Minh Khai, Ward 5, District 3, Ho Chi Minh City. It was registered on 19 May 1993 and began operations in June 1993. [1]