New mechanism expected to lead state banks to Asia top 100 - News Summed Up

New mechanism expected to lead state banks to Asia top 100


In addition, Resolution 79 sets the goal that by 2030 Vietnam will have at least three state-owned commercial banks among the top 100 largest banks in Asia by total assets. To enter the top 100, domestic banks would need total assets of at least $150–200 billion. Meanwhile, Yuanta Vietnam Securities noted that Resolution 79 opens up new space following state divestment and the sale of state capital to strategic partners at banks in the coming period. Among state-owned banks, BIDV still has the largest room for state divestment, as the State currently holds more than 80 percent of its shares, higher than Vietcombank (VCB) and VietinBank (CTG). Second is the need for a clearer distinction between business activities and political tasks, as well as non-profit tasks assigned to State-owned commercial banks.


Source: VietNamNet News March 02, 2026 03:11 UTC



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