Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched down 0.72 per cent to 12.48 quadrillion VND (521.76 billion USD) compared to the end of last year.
Authorities have basically agreed on the State Bank of Vietnam (SBV)’s proposal to allow large State-owned commercial banks to retain their dividends or pay them in shares to increase capital.
Total assets of Vietnam’s banking system reached more than 9.25 quadrillion VND (407.5 billion USD) by the end of August, an increase of 8.79 percent over the beginning of this year.
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