Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched down 0.72 per cent to VND12.48 quadrillion (US$521.76 billion) compared with the end of last year.

The 11 top commercial banks have total assets of over $10 billion, while nearly 15 smallest banks have l total assets of less than VND100 trillion. The rankings of banks have changed a lot over the last decade.

The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system.

Most commercial banks responding to a survey by the State Bank of Vietnam (SBV) said their business performance had seen considerable improvement in the third quarter, and they expect high profits this year.

VietNamNet Bridge - Though the most difficult period for commercial banks in Vietnam is over, the banks are still decreasing in value.

VietNamNet Bridge – The total stock assets of the 50 richest Vietnamese women in 2014 increased by VND5 trillion from the year before.

President of Vingroup, Pham Nhat Vuong, has become the 2012’s richest Vietnamese stock millionaire after the last securities trading session on December 28.

The big hostile takeover deals and the huge transactions to increase the ownership ratios in companies prove to be the main reasons behind the appearance of many new faces in the 2012 stock millionaires’ list.