Local banks report higher profits in H1Some banks have reported good business performance results in the first half of the year thanks to high credit growth. All commercial banks, except social policy banks, witnessed an increase in assets. Among them, state-owned commercial banks posted the largest increase of VND58.6 trillion, with their assets valued at VND3,400 trillion. Among them, State-owned commercial banks posted the largest increase of VND58.6 trillion, with their assets valued at VND3,400 trillion. Joint-stock commercial banks came second, reporting an increase of VND32 trillion to reach VND3,000 trillion in assets by the end of May.

Source: VietNamNet News July 16, 2016 04:30 UTC