Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Finance  >> Local bank assets fall in January
NEW UPDATES Asean Affairs  17 March 2014  

Local bank assets fall in January

Vietnam:The total assets of banks in the country at the end of January declined by 1.04 per cent against the end of 2013 to reach VND5,696 trillion, or US$258.9 billion.

According to the State Bank of Viet Nam's data, the State-owned commercial banks reported the highest decrease in assets of 2.21 per cent. The joint stock commercial banks followed with a drop of 0.97 per cent and the group of finance companies and financial leasing companies was down by 0.41 per cent.

However, the group of joint venture and foreign banks reported a rise of 2.64 per cent in its total assets.

Despite the asset reduction, the equity and charter capital of the banking sector kept rising at rates of 1.52 per cent and 0.63 per cent to reach VND474.024 trillion, or $21.546 billion, and VND426.651 trillion, or $19.393 billion, respectively.

According to the central bank's data, for the first time the group of joint venture and foreign banks posted the strongest growth in terms of the total assets, compared to the State-owned commercial banks last year.

According to the data, at the end of December 2013, the group of joint venture and foreign banks saw an asset growth of 26.92 per cent from the end of December 2012, marking an impressive figure compared to the previous years. Meanwhile, the total assets of the group of State-owned commercial banks last year increased by 13.77 per cent and that of the joint stock commercial banks by 14.8 per cent. The group of finance companies and financial leasing companies continued to have a difficult period with a negative ratio of 57.76 per cent in terms of the total assets as against December 2012.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                             March 17, 2014 Subsribe Now !
• Thai air force reaffirms MH370 was not detected in Thai airspace Subcribe: Asean Affairs Global Magazine
• Malaysia doubles scale of plane search, pilots probed
• Indosat expects to raise Rp 1.3 trillion from TBIG sales
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Telcom vendors see increase in 3G demand
• Local bank assets fall in January
Asean Analysis                    March 14, 2014
• Asean Analysis March 14, 2014
Economics and the Japan-Korea Relationship: Adding Value By David A. Parker & Mikael Lindfors
Advertise Your Brand

Asean Stock Watch    March 14, 2014
• Asean Stock Watch-March 14, 2014
The Biweekly Update
• The Biweekly Update  March 7, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand