Banking assets reach $302b

The banking industry's total assets reached VND6,600 quadrillion (US$302 billion) by the end of June, according to statistics from the State Bank of Viet Nam.

Total assets rose by 1.52 per cent, compared with the figure at the beginning of this year, but joint stock banks' assets declined by VND40 trillion ($1.834 billion) or 0.47 per cent.

State-owned commercial banks' capital adequacy ratios were at 9.38 per cent and 13.1 per cent for joint stock banks.

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