A view of the headquarters of the State Bank of Vietnam. (Photo: Minh Tuan/BizLIVE)
Total assets of banks operating in Vietnam reached 7,373.6 trillion dong ($327.72 billion) at the end of February 2016, increasing 0.74% from December 2015, bouncing back from a 0.44% decrease in January, data of the State Bank of Vietnam
State-controlled commercial banks were the only group that saw their assets down in the month, by 0.13% from the end of last year to 3,299.72 trillion dong ($146.65 billion).
The government holds control of eight banks namely Agribank, Vietcombank, VietinBank, Bank for Investment and Development of Vietnam (BIDV), Vietnam Construction Bank, GPBank, and OceanBank. The last three lenders were taken over by the SBV last year at zero cost.
According to SBV, the assets of joint stock commercial lenders grew 0.65% to $131 billion while joint venture and foreign banks witnessed their assets up3.22% to $34.66 billion.