
Banks in Vietnam
Description
Banks in Vietnam
Summary
Banks in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Banks in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Vietnamese banking industry recorded assets of $877.4 billion in 2024, representing a compound annual growth rate (CAGR) of 11.0% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $278.5 billion, equivalent to 31.7% of the industry's overall value.
- The Vietnamese banking industry grew by 4.0% in 2024, primarily driven by the reduction in inflationary pressure which resulted in a lowering of interest rate, hence boosting the demand for loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to the General Statistics Office of Vietnam, the consumer price inflation in the country reached 2.9% in December 2024, down from 3.6% in December 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Vietnam
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam banks market with five year forecasts
- What was the size of the Vietnam banks market by value in 2024?
- What will be the size of the Vietnam banks market in 2029?
- What factors are affecting the strength of competition in the Vietnam banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's banks market?
Table of Contents
42 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What have been the recent M&A activities?
- 8 Company Profiles
- 8.1. Joint Stock Commercial Bank for Investment and Development of Vietnam
- 8.2. Military Commercial Joint Stock Bank
- 8.3. Joint Stock Commercial Bank for Foreign Trade of Vietnam
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Vietnam banks industry value: $ billion, 2019-24
- Table 2: Vietnam banks industry category segmentation: % share, by value, 2019-24
- Table 3: Vietnam banks industry category segmentation: $ billion, 2019-24
- Table 4: Vietnam banks industry geography segmentation: $ billion, 2024
- Table 5: Vietnam banks industry value forecast: $ billion, 2024-29
- Table 6: Vietnam banks industry share: % share, by value, 2024
- Table 7: Joint Stock Commercial Bank for Investment and Development of Vietnam: Key Facts
- Table 8: Joint Stock Commercial Bank for Investment and Development of Vietnam: Annual Financial Ratios
- Table 9: Joint Stock Commercial Bank for Investment and Development of Vietnam: Key Employees
- Table 10: Military Commercial Joint Stock Bank: Key Facts
- Table 11: Military Commercial Joint Stock Bank: Annual Financial Ratios
- Table 12: Military Commercial Joint Stock Bank: Key Employees
- Table 13: Joint Stock Commercial Bank for Foreign Trade of Vietnam: Key Facts
- Table 14: Joint Stock Commercial Bank for Foreign Trade of Vietnam: Annual Financial Ratios
- Table 15: Joint Stock Commercial Bank for Foreign Trade of Vietnam: Key Employees
- Table 16: Vietnam Size of Population (Million), 2020-24
- Table 17: Vietnam Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 18: Vietnam GDP (Current Prices, $ Billion), 2020-24
- Table 19: Vietnam Inflation, 2020-24
- Table 20: Vietnam Consumer Price Index (Absolute), 2020-24
- Table 21: Vietnam Exchange Rate, 2019-24
- List of Figures
- Figure 1: Vietnam banks industry value: $ billion, 2019-24
- Figure 2: Vietnam banks industry category segmentation: $ billion, 2019-24
- Figure 3: Vietnam banks industry geography segmentation: % share, by value, 2024
- Figure 4: Vietnam banks industry value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the banks industry in Vietnam, 2024
- Figure 6: Drivers of buyer power in the banks industry in Vietnam, 2024
- Figure 7: Drivers of supplier power in the banks industry in Vietnam, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Vietnam, 2024
- Figure 9: Factors influencing the threat of substitutes in the banks industry in Vietnam, 2024
- Figure 10: Drivers of degree of rivalry in the banks industry in Vietnam, 2024
- Figure 11: Vietnam banks industry share: % share, by value, 2024
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