The combined equity of all lenders in the domestic banking system reached nearly 580.3 trillion VND (25.8 billion USD) ending January, an increase of 2.3 trillion VND over the end of 2015.
Banks' equity increased, but their asset value was down in January. (Photo: hanoimoi.com.vn)
Hanoi (VNA) - The combined equity of all lenders in the domesti♑c banking system reached nearly 580.3 trillion 🍨VND (25.8 billion USD) ending January, an increase of 2.3 trillion VND over the end of 2015.
The Thoi bao Ngan hang (The Banking Times) reported the figures, citing the latest data of the State Bank of Vietnam (SBV).
The increase was mainly thanks to joint ventures and foreign banks, whose equity rose by 2.5 trillion VND to 119.7 trillion VND, and State-run commercial banks, whose equity expanded by 1 trillion VND to 204.3 trillion VND.
Meanwhile, the equity of joint stock commercial banks was down 1.6 trillion VND to 234.8 trillion VND.
However, total assets of the lenders touched nearly 7.3 quadrillion VND on January 31, 2016, a decrease of 32.3 trillion VND over the end of 2015.
The decrease was due to the decline in the assets of State-run commercial banks and joint stock commercial banks, the two groups of lenders that have the largest asset values in the banking system.
In January, State-run commercial banks saw a decline of one per cent in total assets, and joint stock commercial banks witnessed a fall of 0.17 percent.
Joint venture and foreign banks registered a 0.33 percent rise in total assets, and financial companies and finance lease firms posted an increase of 2.71 percent.
At the end of January, the capital adequacy ratio (CAR) of the banking system reached 12.86 percent, down slightly from the 13 percent recorded at the end of 2015, but significantly higher than the secure level of 9 percent stipulated by the SBV.-VNA
Prime Minister Nguyen Xuan Phuc hailed the SBV for its efforts over the last 65 years as contributing to curbing inflation, stabilising the macro-economy and maintaining stable growth for the country.
Vietnamese shares slid further on both local markets on April 28 for a second day as investors continued to look for profits in recently-gaining stocks.
Domestic firms have taken the first measures in an effort to adapt to the State Bank of Vietnam (SBV)’s new regulation on tightening foreign currency credit.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
Banks' equity increased, but their asset value was down in January. (Photo: hanoimoi.com.vn)
