Systemically important banking group in 2024

The State Bank of Vietnam (SBV) has just issued Decision 538/QD-NHNN approving the Group of credit institutions and foreign bank branches of system importance in 2024.

Accordingly, 14 banks belonging to the Group of credit institutions with system importance in 2024 include: Vietnam Bank for Agriculture and Rural Development (Agribank); Asia Commercial Joint Stock Bank (ACB); Lien Viet Post Commercial Joint Stock Bank (LPBank); Vietnam Industry and Trade Joint Stock Commercial Bank (VietinBank); Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV); Vietnam Technological and Commercial Joint Stock Bank (Techcombank); Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank); Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank); Military Commercial Joint Stock Bank (MB); International Commercial Joint Stock Bank (VIB); Saigon - Hanoi Joint Stock Commercial Bank (SHB); Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank); Tien Phong Commercial Joint Stock Bank (TPBank); Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The SBV requested the Banking Inspection and Supervision Agency and SBV branches in provinces and centrally-run cities to closely monitor and supervise and promptly warn of risks in the operations of 14 organizations. credit mentioned above to prevent material risks and systemic risks.