Vietnam's banks see rising assets

Vietnam's domestic banks are recovering thanks to an increase in assets.

According to a report from the State Bank of Viet Nam, the total assets of the banking system reached US$233 billion as of November 30 last year with an increase of $3.2 billion or 1.39 percent compared to the previous month.

The assets of State-owned commercial banks rose by $1.3 billion in one month to $100 billion.

Total assets of commercial joint stock banks were up by $1.2 billion to $99 billion.

The equity of the whole banking system by late November 2012 was $20 billion, a year-on-year increase of 7.89 per cent. The equity of commercial banks rose sharply in November by $452million, with the emergence of finance companies and finance leasing companies.

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