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Vietnam has a rapidly growing base of finance institutions, providing a foundation for increasingly robust capital markets. BanksVietnam's banks can be categorized into 4 main groups: Branches of Foreign Banks – Historically these banks focused on servicing their multinational customers in Vietnam, but they are increasingly focusing on larger Vietnamese companies. Some foreign banks active in Vietnam include the following:
State Owned Banks – There are currently 6 state owned or former state owned, banks in Vietnam. These banks have historically focused on providing financial services to state owned companies, but to some extent provide finance to the local private sector and foreign-owned companies in Vietnam. Many of these are currently undergoing equitization.
Joint Stock Banks – The joint stock banks are strongest in retail banking, and focus on extending credit to private companies and homeowners.
Joint-venture Banks - These banks are established in Vietnam as Vietnamese legal entities with capital contributions from both foreign and domestic legal entities.
Leasing CompaniesLeasing companies in Vietnam provide finance as an alternative to banks . These include 100% foreign owned leasing companies and subsidiaries of Vietnamese banks.
Securities CompaniesThere are more than 64 securities companies in Vietnam. They are involved in financial services including private placements, share auctions, IPOs and brokerage services.
1 Please note that there is no affiliation between Mekong Capital and Mekong Securities. |
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