Overall, Vietnamese banking system experienced a relatively stable year in 2018. The sector recorded moderate credit growth. Sectors that could threaten the stability of the system such as non-production loans including high-end real estate, consumer loans and black credit market are to be closely monitored.
Macroeconomics, which provide the environment for the banking system, experienced a stable period with the highest GDP growth since 2012, tightly controlled inflation rate and the positive foreign inflows via trade and overseas remittance.
With only 6 months to go until 2020, Vietnam plans to speed up restructuring with multiple regulatory changes throughout the financial system. In this 2019 Banking Report, we aim to provide you with the latest industry updates, along with our local insight and analyses, to help you understand the unique opportunities and challenges that the Vietnamese banking system is facing.
Download pdf here: https://bit.ly/2XJ9TJm
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
Vietnam Banking Report 2019
1. ‹#›
NHÀ XUẤT BẢN HỒNG ĐỨC
License No. 2415 - 2019/CXBIPH/88 - 40/HĐ
2. PART CONTENT PAGE PART CONTENT PAGE
What’s new in this Report 4 5.3 Draft Amendments of Circular 39 72
1 Banking Performace Review 5.4 Draft Amended Law on Securities 76
1.1 Sector Overview 6 5.5 Restructuring the Equities and Insurance Market 82
1.2 Credit Growth 10 5.6 The plan to establish Vietnam Stock Exchange 88
1.3 Deposit Growth 17 5.7 P2P Regulatory Sandbox 91
1.4 Liquidity 20 Appendices
1.5 Capital Adequacy 24 A.1 Key Macroeconomics Indicators 94
1.6 Asset Quality 29 A.2 Profiles of State-Owned Commercial Banks
1.7 Profitability 33 Agribank 102
1.8 Operational Efficiency 37 Vietcombank (VCB) 103
1.9 Banking Listing & Bank Stocks’ Valuation 39 BIDV (BID) 104
2 Capital Markets Vietinbank (CTG) 105
2.1 Fixed Income Market 43 A.3 Profiles of Selected Joint Stock Commercial
Banks
2.2 Equities Market 49 Sacombank (STB) 107
3 M&A and Consolidation 52 Military Bank (MBB) 108
4 Market Trends Asia Commercial Bank (ACB) 109
4.1 Retail Banking in Vietnam 56 Saigon – Hanoi Bank (SHB) 110
4.2 Mobile Payment and Competition from Non-banks 62 Vietnam Prosperity Bank (VPB) 111
5 Major Policy and Regulatory Framework Updates Techcombank (TCB) 112
5.1 Draft Amendments of Circular 36 65 HCMC Housing Development Bank (HDB) 113
5.2 Draft Amendments of Circular 43 69 Vietnam International Bank (VIB) 114
2Financial Information | Business Information | Market Research
Oricombank (OCB) 115
TABLE OF CONTENTS
3. No. Wor d Stands for
1 ADB Asian Development Bank
2 ATM Automated Teller Machine
3 CAGR Compounded Annual Growth Rate
4 CAR Capital Adequacy Ratio
5 CI Credit Institution
6 CIR Cost-to-Income Ratio
7 FDI Foreign Direct Investment
8 FII Foreign Indirect Investment
9 FIncos Financial Companies
10 FOL Foreign Ownership Limit
11 FTA Free Trade Agreement
12 JSCB Joint-Stock Commercial Bank
13 JV Joint Venture
14 LDR Loan to Deposit Ratio
15 NFSC National Financial Supervision Commission
16 NIM Net Interest Margin
17 NPL Non-performing Loan
18 OMO Open Market Operations
19 POS Point of Sales
20 ROA Return on Asset
21 ROE Return on Equity
22 SBV State Bank of Vietnam
23 SOCB State-Owned Commercial Bank
24 SOE State-Owned Enterprise
25 VAMC Vietnam Asset Management Company
26 VAS Vietnam Accounting Standards
27 YE Year End
28 YoY Year over year
29 YTD Year To Date
3Financial Information | Business Information | Market Research
Abbreviations
4. What’s new in this Report
2019 is widely regarded as key in achieving
Vietnam’s restructuring goals for the financial
sectors. The government targets a
sustainable, “more balanced” capital market
structure with strong pillars from the banking
sector, the fixed income and the equities
market. Sectors that could threaten the
stability of the system are to be closely
monitored and even tightened – such as non-
production loans to real estate, consumer
loans and black credit market. As a result,
credit and deposit growths in 2019 are slow
and steady, following the direction of the
policies.
1) Moderate credit growth in 2018
Credit outstanding & YoYgrowth
Credit Outstanding US$bn
Source: FiinGroup from SBV
Credit YoY Growth
4Financial Information | Business Information | Market Research
5. What’s new in this Report
5Financial Information | Business Information | Market Research
6. Section 1: Banking Performance Review
6Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
7. Section 1: Banking Performance Review
1.1 Sector Overview
Figure 1: Credit and Capital Markets Size, 2016-Q12019 Figure 2: Commercial banks’ total assets by types of banks, 4M2019
National loan book/GDP Stock market cap/GDP C-bonds outstanding/GDP
Source: FiinGroup from SBV, FiinPro, MOF’s SSC
Note: including private placements
7Financial Information | Business Information | Market Research
8. Figure 3: Selected banks’ total assets (US$bn), 2014-Q12019 Figure 4: Selected banks’ total owner’s equity (US$bn), 2014-Q12019
Source: FiinGroup from 22 banks, whose assets accounting for 71% of banking sector’s
total assets
8Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.1 Sector Overview
Source: FiinGroup from 22 banks, whose assets accounting for 71% of banking sector’s
total assets
9. Figure 5: Ownership Structure by Banks (Listed), 5M2019
Foreign ownership State ownership Other ownership
9Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.1 Sector Overview
Source: FiinGroup from FiinPro
10. Section 1: Banking Performance Review
10Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
11. Section 1: Banking Performance Review
1.2 Credit Growth
11Financial Information | Business Information | Market Research
Figure 6: Credit outstanding & YoY growth, 2014-2019 (Target) Figure 7: Credit outstanding breakdown by sectors, 2013-2018
12. Figure 8: Banks Credit Growth Target – 2019 vs Actual 1Q2019
Source: FiinGroup from banks’ announcements at AGM
Section 1: Banking Performance Review
1.2 Credit Growth
Q12019 2019 Target
12Financial Information | Business Information | Market Research
13. Figure 10: Credit Growth of Priority sectors, YTD Q12019Figure 9: National Loan Book by Major Sectors, 2018
Source: FiinGroup fromSBV
Agriculture & rural
development
SMEs
Real estate (home buyers &
developers)
Consumer finance (excl.
housing)
Others
13Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.2 Credit Growth
14. Figure 11: Market Size (VNDbn) of CF market (Banks & Fincos)
14Financial Information | Business Information | Market Research
Figure 12: Loanbook of Banks vs Fincos in Consumer Finance
Section 1: Banking Performance Review
1.2 Credit Growth
15. Figure 13: Developers vs Home Buyers loans
15Financial Information | Business Information | Market Research
Figure 14: Home Buyers’ RE loans (US$bn)
Figure 15: Developers’ RE loans (US$bn)
Section 1: Banking Performance Review
1.2 Credit Growth
16. Figure 16: Loan Breakdown by Currency, 2015-1Q2019
16Financial Information | Business Information | Market Research
Figure 17: Interest rates on loans in VND, 2012-2018
Figure 18: Interest rates on loans in USD, 2012-2018
Section 1: Banking Performance Review
1.2 Credit Growth
17. Section 1: Banking Performance Review
17Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
18. Section 1: Banking Performance Review
1.3 Deposit Growth
18Financial Information | Business Information | Market Research
Figure 19: Deposit Outstanding & YoY growth, 2013-1Q2019 Figure 20: Credit growth vs Deposit growth YoY, 2013-2018
19. Figure 21: Interest yield curve on VND deposits, 2012-1Q2019
19Financial Information | Business Information | Market Research
Figure 22: Interest yield curve on deposits
Section 1: Banking Performance Review
1.3 Deposit Growth
20. Section 1: Banking Performance Review
20Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
21. Section 1: Banking Performance Review
1.4 Liquidity
21Financial Information | Business Information | Market Research
Figure 23: Loan-to-Deposit Ratio of all credit institutions Figure 24: Loan-to-Deposit Ratio at Vietnamese banks by groups
22. Figure 25: ST deposit to MLT lending Ratio, All Credit Institutions
22Financial Information | Business Information | Market Research
Figure 26: Loan and Deposits of Top 10 Banks by tenors (US$mn), 2018
Table 1: Proposed timeline to lower ST deposit to MLT lending ratio
Section 1: Banking Performance Review
1.4 Liquidity
23. Figure 27: Vietnam Interbank Interest Rates, 2018-May 2019
23Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.4 Liquidity
24. Section 1: Banking Performance Review
24Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
25. Section 1: Banking Performance Review
1.5 CapitalAdequacy
25Financial Information | Business Information | Market Research
Figure 28: Capital Adequacy Ratio, 2012 – 2018 Figure 29: CAR of Credit Institutions by Type of Banks (%)
26. Figure 30: CAR of Banks, YE2018 (%)
26Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.5 CapitalAdequacy
27. Table 2: Targeted vs Actual Charter Capital Raise in 2018 (VNDbn)
27Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.5 CapitalAdequacy
Figure 31: Selected Banks’ capital mobilization estimates, 2012-2018
(VNDbn)
28. Figure 32: Targeted charter capital raise in 2019 (VNDbn)
28Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.5 CapitalAdequacy
29. Section 1: Banking Performance Review
29Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
30. Section 1: Banking Performance Review
1.6 Asset quality
30Financial Information | Business Information | Market Research
Figure 33: NPL of banks (%), 2014-1Q2019 Figure 34: NPL Resolution Progress (VNDbn), 2012-1Q2019
31. Figure 35: Banks’ reported NPL and bad debts at VAMC, 2017 vs 2018 (VNDbn)
31Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.6 Asset quality
32. Figure 36: Bad Debt Coverage over outstanding loans, 2015-
Q12019
32Financial Information | Business Information | Market Research
Figure 37: Provisions for loan-loss over outstanding loans, 2015-
Q12019
Section 1: Banking Performance Review
1.6 Asset quality
33. Section 1: Banking Performance Review
33Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
34. Section 1: Banking Performance Review
1.7 Profitability
34Financial Information | Business Information | Market Research
Figure 38: Average NIM of Vietnamese banks, 2015-1Q2019 Table 3: ROA & ROE of selected banks, 2018-1Q2019
35. Figure 40: Average ROE of Vietnamese banks, 2015-1Q2019 (YoY)
35Financial Information | Business Information | Market Research
Figure 42: ROE by groups of banks
Section 1: Banking Performance Review
1.7 Profitability
Figure 39: Average ROA of Vietnamese banks, 2015-1Q2019 (YoY)
Figure 41: ROA by groups of banks
36. Figure 43: Incomes of Vietnamese banks breakdown, 2015-1Q2019 (YoY)
36Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.7 Profitability
37. Section 1: Banking Performance Review
37Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
38. Section 1: Banking Performance Review
1.8 Operational Efficiency
38Financial Information | Business Information | Market Research
Figure 45: Cost-to-Income Ratio by Banks, 2018-1Q2019(%)
Figure 44: Cost-to-Income Ratio of Vietnamese Banks (%)
39. Section 1: Banking Performance Review
39Financial Information | Business Information | Market Research
1.1 Sector Overview
1.2 Credit Growth
1.3 Deposit Growth
1.4 Liquidity
1.5 Capital Adequacy
1.6 Asset Quality
1.7 Profitability
1.8 Operational Efficiency
1.9 Banking Listing & Bank Stocks’ Valuation
Contents
40. Section 1: Banking Performance Review
1.9 Banking Listing & Bank Stocks’ Valuation
40Financial Information | Business Information | Market Research
Figure 46: Bank Market Cap as % of Total Market Cap, May 2019
Figure 47: Bank Valuation vs Other Sectors in Vietnam, May 2019
41. Table 4: Bank Stock Movement, May 2019
41Financial Information | Business Information | Market Research
Section 1: Banking Performance Review
1.9 Banking Listing & Bank Stocks’ Valuation
42. Section 1: Banking Performance Review
1.9 Banking Listing & Bank Stocks’ Valuation
42Financial Information | Business Information | Market Research
43. Section 2: Capital Markets
43Financial Information | Business Information | Market Research
2.1 Fixed Income Market
2.2 Equities Market
Contents
44. Section 2: Capital Market
2.1 Fixed Income Market
44Financial Information | Business Information | Market Research
Figure 48: Fixed Income Market Size and Growth Figure 49: Bonds outstanding as a % of GDP, 2016-2018
45. Section 2: Capital Market
2.1 Fixed Income Market
45Financial Information | Business Information | Market Research
Figure 50: G-bond yields thoughout 2018 Figure 51: Winning/Offering Ratio of G-bonds
46. Section 2: Capital Market
2.1 Fixed Income Market
46Financial Information | Business Information | Market Research
Figure 52: G-bond investor base
47. Section 2: Capital Market
2.1 Fixed Income Market
47Financial Information | Business Information | Market Research
Figure 53: C-bonds outstanding (VNDbn), 2016-2018
48. Figure 54: C-bonds issuers by volumes issued, 2018
48Financial Information | Business Information | Market Research
Section 2: Capital Market
2.1 Fixed Income Market
Figure 55: C-bonds issuance by Issuer and Types, 2018
Table 5: Top c-bonds issued in 2018 & 2019
49. Section 2: Capital Markets
49Financial Information | Business Information | Market Research
2.1 Fixed Income Market
2.2 Equities Market
Contents
50. Section 2: Capital Market
2.2 Equities Market
50Financial Information | Business Information | Market Research
Figure 56: VNIndex closing prices, Jan 2018-May 2019 Figure 57: VNIndex trading volumes (mn shares)
Figure 58: Market Cap 2018-May2019 (US$bn)
51. Section 2: Capital Market
2.2 Equities Market
51Financial Information | Business Information | Market Research
Figure 59: Foreign Net Buying/Selling (US$mn)
52. Section 3: M&A and Consolidation
52Financial Information | Business Information | Market Research
Contents
53. Section 3: M&A and Consolidation
53Financial Information | Business Information | Market Research
Table 6: Recent Divestments in the Banking Sector
54. Section 3: M&A and Consolidation
54Financial Information | Business Information | Market Research
Table 7: Recent Investments in the Banking Sector
55. Section 3: M&A and Consolidation
55Financial Information | Business Information | Market Research
56. Section 4: Market Trends
56Financial Information | Business Information | Market Research
4.1 Retail Banking in Vietnam
4.2 Mobile Payment and Competition from Non-banks
Contents
57. Section 4: Market Trends
4.1 Retail Banking in Vietnam
57Financial Information | Business Information | Market Research
Figure 61: Retail Banking & Corporate Banking, 2017 & 2018Figure 60: YoY Growth Corporate vs Retail Banking, 2013-2018
Figure 62: Top 10 Banks with the highest retail loan %, 2018
58. Figure 64: Market Size (VNDbn) of banks’ CF loans
58Financial Information | Business Information | Market Research
Figure 63: Proportion of CF loans amongst Banks and Fincos
Section 4: Market Trends
4.1 Retail Banking in Vietnam
59. Table 8: Top Retail Banks in Main CF Product Categories
59Financial Information | Business Information | Market Research
Figure 65: Banks’ CF Loans by Segment
Section 4: Market Trends
4.1 Retail Banking in Vietnam
60. Figure 66: Number of credit cards issued (accumulated)
60Financial Information | Business Information | Market Research
Figure 67: Average usage value per credit card (payment+ cash advance)
Figure 68: No. of e-wallet Registered Users by 2018
Section 4: Market Trends
4.1 Retail Banking in Vietnam
61. Figure 69: Premiums revenue (US$bn) and the growth of insurance
market
61Financial Information | Business Information | Market Research
Figure 70: Insurance Revenue Sources of Vietnamese banks
Section 4: Market Trends
4.1 Retail Banking in Vietnam
62. Section 4: Market Trends
62Financial Information | Business Information | Market Research
4.1 Retail Banking in Vietnam
4.2 Mobile Payment and Competition from Non-banks
Contents
63. Section 4: Market Trends
4.2 Mobile Payment and Competition from Non-banks
63Financial Information | Business Information | Market Research
Table 9: Vietnam’s Non-cash Progress by 2018
Figure 71: Cash in total liquidity
64. Figure 73: Transaction volumes by payment channels (millions)
64Financial Information | Business Information | Market Research
Figure 72: Payment Infrastructure, 2017-2018
Section 4: Market Trends
4.2 Mobile Payment and Competition from Non-banks
65. Section 5: Major Policy and Regulatory Framework Updates
65Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
66. Section 5: Major Policy and Regulatory Framework Updates
66Financial Information | Business Information | Market Research
67. Section 5: Major Policy and Regulatory Framework Updates
5.1 Draft Amendments of Circular 36
67Financial Information | Business Information | Market Research
Table 11: Proposed timeline to reduce ST deposit to MLT Lending
Table 10: Major changes in Draft Amendments of Circular 36
68. Section 5: Major Policy and Regulatory Framework Updates
5.1 Draft Amendments of Circular 36
68Financial Information | Business Information | Market Research
69. Section 5: Major Policy and Regulatory Framework Updates
69Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
70. Section 5: Major Policy and Regulatory Framework Updates
5.2 Draft Amendments of Circular 43
70Financial Information | Business Information | Market Research
Table 12: Major changes in Draft Amendments of Circular 43
71. Section 5: Major Policy and Regulatory Framework Updates
5.2 Draft Amendments of Circular 43
71Financial Information | Business Information | Market Research
72. Section 5: Major Policy and Regulatory Framework Updates
72Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
73. Section 5: Major Policy and Regulatory Framework Updates
5.3 Draft Amendments of Circular 39
73Financial Information | Business Information | Market Research
Table 13: Major changes in Draft Amendments of Circular 39
74. Section 5: Major Policy and Regulatory Framework Updates
5.3 Draft Amendments of Circular 39
74Financial Information | Business Information | Market Research
75. Section 5: Major Policy and Regulatory Framework Updates
5.3 Draft Amendments of Circular 39
75Financial Information | Business Information | Market Research
76. Section 5: Major Policy and Regulatory Framework Updates
76Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
77. Section 5: Major Policy and Regulatory Framework Updates
5.4 Draft Amended Law on Securities
77Financial Information | Business Information | Market Research
Table 14: Major changes in Draft Amended Law on Securities
78. Section 5: Major Policy and Regulatory Framework Updates
5.4 Draft Amended Law on Securities
78Financial Information | Business Information | Market Research
79. Section 5: Major Policy and Regulatory Framework Updates
5.4 Draft Amended Law on Securities
79Financial Information | Business Information | Market Research
80. Section 5: Major Policy and Regulatory Framework Updates
5.4 Draft Amended Law on Securities
80Financial Information | Business Information | Market Research
81. Section 5: Major Policy and Regulatory Framework Updates
5.4 Draft Amended Law on Securities
81Financial Information | Business Information | Market Research
82. Section 5: Major Policy and Regulatory Framework Updates
82Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
83. Section 5: Major Policy and Regulatory Framework Updates
5.5 Restructuring the Equities and Insurance Market
83Financial Information | Business Information | Market Research
Table 15: Major changes in Restructuring the Equities and Insurance Market
84. Section 5: Major Policy and Regulatory Framework Updates
5.5 Restructuring the Equities and Insurance Market
84Financial Information | Business Information | Market Research
85. Section 5: Major Policy and Regulatory Framework Updates
5.5 Restructuring the Equities and Insurance Market
85Financial Information | Business Information | Market Research
86. Section 5: Major Policy and Regulatory Framework Updates
5.5 Restructuring the Equities and Insurance Market
86Financial Information | Business Information | Market Research
87. Section 5: Major Policy and Regulatory Framework Updates
5.5 Restructuring the Equities and Insurance Market
87Financial Information | Business Information | Market Research
88. Section 5: Major Policy and Regulatory Framework Updates
88Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
89. Section 5: Major Policy and Regulatory Framework Updates
5.6 The plan to establish Vietnam Stock Exchange
89Financial Information | Business Information | Market Research
Table 16: Major changes in The plan to establish Vietnam Stock Exchange
90. Section 5: Major Policy and Regulatory Framework Updates
5.6 The plan to establish Vietnam Stock Exchange
90Financial Information | Business Information | Market Research
91. Section 5: Major Policy and Regulatory Framework Updates
91Financial Information | Business Information | Market Research
5.1 Draft Amendments of Circular 36
5.2 Draft Amendments of Circular 43
5.3 Draft Amendments of Circular 39
5.4 Draft Amended Law on Securities
5.5 Restructuring the Equities and Insurance Market
5.6 The plan to establish Vietnam Stock Exchange
5.7 P2P Regulatory Sandbox
Contents
92. Section 5: Major Policy and Regulatory Framework Updates
5.7 P2P Regulatory Sandbox
92Financial Information | Business Information | Market Research
Table 17: Major changes in P2P Regulatory Sandbox
93. Section 5: Major Policy and Regulatory Framework Updates
5.7 P2P Regulatory Sandbox
93Financial Information | Business Information | Market Research
94. Appendices
94Financial Information | Business Information | Market Research
A.1 Key macroeconomics indicators
A.2 Profiles of SOCBs
A.3 Profiles of JSCBs
Contents
95. A.1 Macroeconomics Key Indicators
GDP
95Financial Information | Business Information | Market Research
Figure 74: GDP Growth YoY Figure 75: GDP’s composition 1Q2019
96. A.1 Macroeconomics Key Indicators
Inflation
96Financial Information | Business Information | Market Research
Figure 76: CPI Growth YoY Figure 77: Retail sales growth YoY (US$mn)
97. A.1 Macroeconomics Key Indicators
Trade Balance
97Financial Information | Business Information | Market Research
Figure 78: Trade Balance (US$bn) Figure 79: Vietnam’s Major Trade Partners 2018 (US$bn)
98. A.1 Macroeconomics Key Indicators
Foreign Investment
98Financial Information | Business Information | Market Research
Figure 80: FDI 2012-1Q2019 (US$bn) Figure 81: FII 2016-2018 (US$bn)
Table 18: Top 3 FDI projects by value in 2018
99. A.1 Macroeconomics Key Indicators
Remittance and Foreign Reserves
99Financial Information | Business Information | Market Research
Figure 82: Overseas Remittance (US$bn) Figure 83: Vietnam’s Foreign Reserves Balances (US$bn)
100. A.1 Macroeconomics Key Indicators
Budget Deficit and Public Debt
100Financial Information | Business Information | Market Research
Figure 84: Vietnam Budget Deficit 2012-2018 (US$bn) Figure 85: Vietnam Public Debt 2012-2018
101. Appendices
101Financial Information | Business Information | Market Research
A.1 Key macroeconomics indicators
A.2 Profiles of SOCBs
A.3 Profiles of JSCBs
Contents
102. BUSINESS PROFILE OWNERSHIP STRUCTURE, H12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Agribank
102Financial Information | Business Information | Market Research
103. BUSINESS PROFILE OWNERSHIP STRUCTURE, Q12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Vietcombank
103Financial Information | Business Information | Market Research
104. BUSINESS PROFILE OWNERSHIP STRUCTURE, Q12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
BIDV
104Financial Information | Business Information | Market Research
105. BUSINESS PROFILE OWNERSHIP STRUCTURE, Q12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
VietinBank
105Financial Information | Business Information | Market Research
106. Portal
106Financial Information | Business Information | Market Research
BConitienntfs orm
Appendices
Macroeconomics Key Indicators
Banks by Key Indicators
Profiles of State-Owned Commercial Banks
Profiles of Key Joint-Stock Commercial Banks
107. BUSINESS PROFILE OWNERSHIP STRUCTURE, H12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Sacombank
107Financial Information | Business Information | Market Research
108. BUSINESS PROFILE OWNERSHIP STRUCTURE, Q12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Military Bank
108Financial Information | Business Information | Market Research
109. BUSINESS PROFILE OWNERSHIP STRUCTURE, Q12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Asia Commercial Bank
109Financial Information | Business Information | Market Research
110. BUSINESS PROFILE OWNERSHIP STRUCTURE, H12019
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Saigon Hanoi Bank
110Financial Information | Business Information | Market Research
111. BUSINESS PROFILE OWNERSHIP STRUCTURE, YE2018
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Vietnam Prosperity Bank
111Financial Information | Business Information | Market Research
112. BUSINESS PROFILE OWNERSHIP STRUCTURE, YE2018
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Techcombank
112Financial Information | Business Information | Market Research
113. BUSINESS PROFILE OWNERSHIP STRUCTURE, YE2018
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Ho Chi Minh Development Bank
113Financial Information | Business Information | Market Research
114. BUSINESS PROFILE OWNERSHIP STRUCTURE, YE2018
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Vietnam International Bank
114Financial Information | Business Information | Market Research
115. BUSINESS PROFILE OWNERSHIP STRUCTURE, M82018
KEY FINANCIAL & OPERATIONAL INDICATORS DISTRIBUTION NETWORK
Profiles of key players
Oricombank
115Financial Information | Business Information | Market Research
116. Financial Information | Business Information | Market Research 116
For further inquiries and comment, please
contact our Financial Sector Specialist team
at FiinGroup
Dong Le, CFA
Director
Market Research Services
+84 (024) 3562 69 62(Ext. 110)
+84 (0) 912 057529
dong.le@fiingroup.vn
Head Office
5th Floor, Anh Minh Building
36 Hoang Cau Street
Hanoi, Vietnam
+ 84 (24) 3562 6962
Ho Chi Minh City Branch
3rd Floor, Profomilk Plaza Building
51 - 53 Vo Van Tan, District3
Ho Chi Minh City, Vietnam
+ 84 (28) 3933 3586
Dung Vu
Assistant Manager, Financial ServicesSector
Market Research Services
+84 (024) 3562 6962
+84 (0) 903 574 800
dung.vu@fiingroup.vn