Vietnam’s entire banking system has 35 non-state joint stock banks, of which there are still two banks with substandard chartered capital of three trillion dong and only three lenders with chartered capital of over 10 trillion dong.
Apart from five state-owned banks namely Vietnam Bank for Agriculture and Rural Development (Agribank), Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB), Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG), Bank for Investment and Development of Vietnam (Bidv) and Mekong Housing Bank (MHB), the country’s whole banking system has 35 non-state joint stock banks.
According to the statistics from the State Bank of Vietnam (SBV), till the end of 2011, there were still two banks namely PG Bank and Bao Viet Bank with substandard chartered capital of less than three trillion dong.
Thirty-three remaining banks have increased enough and exceeded the standard chartered capital of three trillion dong. Of which, 11 banks have touched the chartered capital threshold of three trillion dong, 12 others have chartered capital of from 3-5 trillion dong, seven at 5-10 trillion dong and only three banks with chartered capital at above 10 trillion dong.
Particularly, banks with chartered capital of less than three trillion dong include Bao Viet Commercial Joint Stock Bank (BaoVietBank) at 1.5 trillion dong and Petrolimex Group Commercial Joint Stock Bank (PG Bank) at two trillion dong.
Eleven banks with chartered capital of three trillion dong include Nam A Bank, Bac A Bank, HCM City Development JS Bank (HDBank), Viet Capital Bank, Orient Commercial JS Bank (OCB), GP Bank, KienLongBank, Viet Bank, Trust Bank and TienPhongBank.
Twelve banks with chartered capital of 3-5 trillion dong are NaviBank (3.01 trillion dong), Saigon Bank (3.04 trillion dong), VietABank (3.98 trillion dong), DaiABank (3.1 trillion dong), MDB (3.75 trillion dong), Southern Bank (four trillion dong), HabuBank (4.05 trillion dong), ABBank (4.199 trillion dong), VIB (4.25 trillion dong), DongABank (EAB-4.5 trillion dong), Saigon Hanoi Bank (SHB at 4.815 trillion dong) and Ocean Bank (five trillion dong).
Seven banks with chartered capital of 5-less than 10 trillion dong include Vietnam Prosperity Bank (VP Bank with 5.05 trillion dong), SeABank (5.334 trillion dong), LienVietPostBank (6.4 trillion dong), Military Bank (MB with 7.3 trillion dong), Maritime Bank (eight trillion dong), Techcombank (8.788 trillion dong) and ACB (9.376 trillion dong).
Three banks with chartered capital of above 10 trillion dong are Saigon Commercial Bank (SCB) with 10.584 trillion dong, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) with 10.74 trillion dong and Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB) with 12.355 trillion dong.