Banks in Vietnam

Key Highlights

• The 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.
• The Vietnamese banks industry group recorded assets of $866.7 billion in 2023, representing a compound annual growth rate (CAGR) of 12.1% between 2018 and 2023.
• The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $279.8 billion, equivalent to 32.3% of the industry group's overall value.
• In 2023, the revenue of the Vietnamese banks industry group witnessed an annual growth of 15.0% due to the decline in interest rates which pushed the demand for loans. In 2023, the State Bank of Vietnam (SBV) lowered the benchmark interest rate four times.

Scope

• Save time carrying out entry-level research by identifying the size, growth, 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

Reasons to Buy

• What was the size of the Vietnam banks market by value in 2023?
• What will be the size of the Vietnam banks market in 2028?
• What factors are affecting the strength of competition in the Vietnam banks market?
• How has the market performed over the last five years?
• How large is Vietnam’s banks market in relation to its regional counterparts?