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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)
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.
[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).
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]
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]
With 1,120 inbound deals with a cumulated value of almost 15 billion USD, there is a demonstrated interest by foreign companies to access the Vietnamese market or continue expansion using mergers and acquisitions. From 1991 to February 2018, Vietnamese companies were involved as either an acquiror or an acquired company in 4,000 mergers and ...
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.