Vietnam’s banking system records $440bil in total assetThe total assets of the Vietnamese banking system surpassed 10 quadrillion VND (440 billion USD) in late 2017, according to the State Bank of Vietnam. Meanwhile, commercial joint stock banks owned 4.03 quadrillion VND, or more than 40 percent of the total, marking a 17.69 percent increase. As of late 2017, total equity capital of the system rose by 11.64 percent to 714.106 trillion VND. The espective figure for financial and financial lease companies, and cooperative banks was 23.353 trillion VND and 3.633 trillion VND. The commercial joint stock banks recorded a ratio of 11.47 percent.

Source: VietNamNet News March 16, 2018 08:26 UTC