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Vietnam's top 5 banks by registered capital (as of March 2023, USD/VND exchange rate = 23,590 VND) VietinBank $1.56 billion (32,661 billion VND) Agribank $1.39 billion (29,154 billion VND) Vietcombank $1.10 billion (23,174 billion VND) BIDV $1.10 billion (23,011 billion VND) Eximbank $0.59 billion (12,355 billion VND)
[37] 17 August 2010, The SBV further devalued the VND by 2.04% to 18,932 VND/USD, an increase of 388 dong from the previous rate. [ 37 ] [ 38 ] On 11 February 2011, the State Bank of Vietnam (SBV) announced a decision to increase the interbank exchange rate between USD and VND from 18,932 VND to 20,693 VND (a 9.3% increase).
Ngân hàng Thương mại Cổ phần Ngoại thương Việt Nam Joint Stock Commercial Bank for Foreign Trade of Vietnam: Vietcombank 55,892 198 Tran Quang Khai, Hoan Kiem Dist., Hanoi Capital vietcombank.com.vn: Ngân hàng Thương mại Cổ phần Công thương Việt Nam Vietnam Bank for Industry and Trade: Vietinbank 53,699
In 2018, Vietcombank became the first bank to be officially granted the decision to apply Basel II under Circular 41 by the State Bank of Vietnam. [ 16 ] [ 17 ] [ 18 ] In 2019, Vietcombank became the first Vietnamese bank to have profit reaching the milestone of 1 billion USD.
The State Bank of Vietnam (SBV; Vietnamese: Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. Organized as a ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. [3] As of 2024 it holds over USD 100 million in foreign exchange reserves. [2]
BIDV or fully the Joint Stock Commercial Bank for Investment and Development of Vietnam (Vietnamese: Ngân hàng Thương mại Cổ phần Đầu tư và Phát triển Việt Nam) is a Vietnamese state-owned bank in Vietnam. It is the country's biggest bank by assets ($72 billion USD) as of June 2021.
Agribank or formally the Vietnam Bank for Agriculture and Rural Development (Vietnamese: Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam) is the largest commercial bank in Vietnam by total under the Ministry of Agriculture and Rural Development. It is a state-owned corporation under a special status.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietnamese: Ngân hàng Thương mại Cổ phần Công thương Việt Nam), trading as Vietinbank, is a state-owned Vietnamese bank. As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion (around $76 billion) of assets under management. [2]