Private banks coming strong against state-owned banks
For the very first time, a private bank has overtaken a state-owned bank in Vietnam in consolidated profits in the first quarter of the year.
Private banks stepping up competition
Four state-owned commercial banks in Vietnam, namely, Vietcombank, VietinBank, BIDV, and Agribank, have held lead position in the banking industry since 2017.
Banks in race for charter capital increase
The State Bank of Vietnam (SBV) has officially approved plans to increase charter capital of many State-owned and private banks.