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Update news the big four
Increasing chartered capital is the most important task for the four state-owned commercial banks. If their CARs are lower than Basel II standards, they will have to restrict lending.
VND92 trillion is the amount of money that four state-owned banks, or the ‘big four’, have paid to the state budget since 2014.
With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.
Large foreign capital is being poured into Vietnamese enterprises, especially big companies in different business fields.
Initial encouraging results have occurred after efforts were made to reduce the need for capital from banks where the state holds the controlling stake.