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市場調查報告書

越南的銀行業分析

Vietnam Banking Report 2019

出版商 FiinGroup JSC 商品編碼 395945
出版日期 內容資訊 英文 116 Pages
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越南的銀行業分析 Vietnam Banking Report 2019
出版日期: 2019年06月30日內容資訊: 英文 116 Pages
簡介

本報告提供越南的金融、銀行市場相關分析,銀行業、金融業的背景情況和基本結構,主要市場指標 (市場規模、收益率等)的趨勢與預測,近來的市場主要動向,當局的主要法規、政策,主要的推動及阻礙市場要素,今後發展預測,主要企業 (銀行)的簡介等的相關調查。

本報告的更新內容

第1章 銀行產業的業績分析

  • 越南的銀行部門概要
  • 貸款金增加率
  • 存款增加率
  • 流動性
  • 股本的十分性
  • 資產內容
  • 盈利
  • 經營效率
  • 銀行的一覽和銀行股的評估

第2章 資本市場

  • 固定收入市場 (債券市場)
  • 證券市場

第3章 企業合併、收購 (M&A) 與業界重組

第4章 市場趨勢

  • 越南的零售銀行市場
  • 行動付款市場,與非銀行企業的競爭

第5章 主要政策、法規結構:最新形勢

  • 金融機關的相關法的修改
  • 證券、保險市場重組
  • 越南證券交易所 (Vietnam Stock Exchange)的成立計劃
  • P2P交易法規的「沙箱 (試驗台)」

附錄

  • 主要的宏觀經濟指標
  • 國營商業銀行的簡介
    • Agribank
    • Vietcombank (VCB)
    • BIDV (BID)
    • Vietinbank (CTG)
  • 主要的民營 (株式會社) 商業銀行的簡介
    • Sacombank (STB)
    • Military Bank (MBB)
    • Asia Commercial Bank (ACB)
    • Saigon - Hanoi Bank (SHB)
    • Vietnam Prosperity Bank (VPB)
    • Techcombank (TCB)
    • HCMC Housing Development Bank (HDB)
    • Vietnam International Bank (VIB)
    • Oricombank (OCB)

本網頁內容可能與最新版本有所差異。詳細情況請與我們聯繫。

目錄

What's new in this issue?

Overall, Vietnamese banking system experienced a relatively stable year in 2018. The sector recorded moderate credit growth. Sectors that could threaten the stability of the system such as non-production loans including high-end real estate, consumer loans and black credit market are to be closely monitored.

Macroeconomics, which provide the environment for the banking system, experienced a stable period with the highest GDP growth since 2012, tightly controlled inflation rate and the positive foreign inflows via trade and overseas remittance.

With only 6 months to go until 2020, Vietnam plans to speed up restructuring with multiple regulatory changes throughout the financial system. In this 2019 Banking Report, we aim to provide you with the latest industry updates, along with our local insight and analyses, to help you understand the unique opportunities and challenges that the Vietnamese banking system is facing.

Credit growth has slowed down to 14% at YE2018 from 18% at YE2017

Credit registered a modest 14% YoY growth in 2018 after three consecutive years of high growth and targets to be the same in 2019. Capital adequacy requirements play a strong role in managing the growth, as banks cannot aim for high credit growth if they do not fulfill Basel II CAR requirements before 2020. Additionally, SBV increases its scrutiny on the growth of the real estate and consumer finance market.

In fact, the consumer finance market - the growth engine in the last few years - also underwent a slowdown with the maturity of the market, increased competition among banks and finance companies, and (still in drafts) amendments to restrict housing and cash loans.

In line with the SBV's priority to improve credit quality and reduce bad debts, reported NPL overall experienced a downward trend.

Due to the latent nature of NPL and relatively low credit growth compared to previous years, which decreases the size of the base, reported NPL registered at 1.91% in 2018 compared to 1.99% in 2017. Nevertheless, overall Vietnam has been reporting progress on combating the problem of bad debt, with results from VAMC and especially the success of the Resolution 42. During the period of 2012-Q12019, about VND907,300bn or USD39.02bn of bad debt has been resolved, 25% of which were credited to the impact from Resolution 42.

Undercapitalization continued to be a pressing issue for banks when currently reported CAR dropped slightly to 12.14% in 2018.

Despite relatively modest credit growth, the system has still experienced a downward trend of CAR. Aside from a handful of listing and M&A activities, most banks still have not fulfilled their capital raising plans. By 1H2019, only eight banks including TCB, VIB, ACB, VPB, VCB, OCB, MBB & TPB have met Basel II CAR requirements.

Banks showed strong profitability performance

Although 2018 recorded NIM at only 2.8%, lower than the two previous years, overall profitability including fees and non-interest income showed an uptick, in line with the sector's development plan.

Banks are required to list on the stock market by 2020.

As announced by Decision 242/QĐ-TTg on Restructuring the Stock and Insurance Markets by 2020 with a vision to 2025, all local commercial banks must be listed by 2020. Furthermore, banks face pressures to list to mitigate the undercapitalization issue. Banks which are sizeable in terms of asset size, strengths in retail banking with a sound fundamental performance would find it most beneficial to be listed soon in 2019-2020. However, this remains a big challenge when banks need to have a clear growth story to attract foreign investors' interests.

Little M&A activities have been recorded since 2H2018 and 1H2019

By 1H2019, there remains 45 commercial banks in total - 4 SOCBs, 31 JSCBs, 1 JV and 9 foreign banks. The government has indicated the commitment to sector consolidation by ceasing to grant licenses to new foreign banks in Vietnam, but instead to encourage strategic investors to take on 100% of one of the zero-VND banks or to buy shares of existing banks. However, due to reasons regarding FOL and minority shares for strategic investors, plus the expected expenses in both resolving the existing bad assets and capital contribution, there has been little M&A activities since 2H2018 to 1H2019.

Vietnam plans to speed up restructuring with multiple regulatory changes throughout the financial system.

Overall, Vietnam is preparing to do an overhaul of the financial system, as the Restructuring Plan of the Financial System 2016-2020 comes closer to the deadline and getting ready for the next phase: raising competitiveness against international and overseas banks and implementation of international standards such as IFRS instead of VAS.

Table of Contents

What's new in this Report

1 Banking Performace Review

  • 1.1Sector Overview
  • 1.2Credit Growth
  • 1.3Deposit Growth
  • 1.4Liquidity
  • 1.5Capital Adequacy
  • 1.6Asset Quality
  • 1.7Profitability
  • 1.8Operational Efficiency
  • 1.9Banking Listing & Bank Stocks' Valuation

2 Capital Markets

  • 2.1Fixed Income Market
  • 2.2Equities Market

3 M&A and Consolidation

4 Market Trends

  • 4.1Retail Banking in Vietnam
  • 4.2Mobile Payment and Competition from Non-banks

5 Major Policy and Regulatory Framework Updates

  • 5.1Draft Amendments of Circular 36
  • 5.2Draft Amendments of Circular 43
  • 5.3Draft Amendments of Circular 39
  • 5.4Draft Amended Law on Securities
  • 5.5Restructuring the Equities and Insurance Market
  • 5.6The plan to establish Vietnam Stock Exchange
  • 5.7P2P Regulatory Sandbox

Appendices

A.1 Key Macroeconomics Indicators

A.2 Profiles of State-Owned Commercial Banks

  • Agribank
  • Vietcombank (VCB)
  • BIDV (BID)
  • Vietinbank (CTG)

A.3 Profiles of Selected Joint Stock Commercial Banks

  • Sacombank (STB)
  • Military Bank (MBB)
  • Asia Commercial Bank (ACB)
  • Saigon - Hanoi Bank (SHB)
  • Vietnam Prosperity Bank (VPB)
  • Techcombank (TCB)
  • HCMC Housing Development Bank (HDB)
  • Vietnam International Bank (VIB)
  • Oricombank (OCB)
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