BỘ GIÁO DỤC VÀ ĐÀO TẠO TRƯỜNG ĐẠI HỌC KINH TẾ TP HỒ CHÍ MINH LÊ PHƯƠNG DUNG CÁC YẾU TỐ ẢNH HƯỞNG ĐẾN RỦI RO TÍN DỤNG LV n uả Q TẠI CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM lý nh ki tế LUẬN VĂN THẠC SĨ KINH TẾ TP Hồ Chí Minh - Năm 2019 BỘ GIÁO DỤC VÀ ĐÀO TẠO TRƯỜNG ĐẠI HỌC KINH TẾ TP HỒ CHÍ MINH LÊ PHƯƠNG DUNG CÁC YẾU TỐ ẢNH HƯỞNG ĐẾN RỦI RO TÍN DỤNG TẠI CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM LV n uả Q Chuyên ngành: Tài Chính – Ngân Hàng lý nh ki Mã số: 8340201 tế LUẬN VĂN THẠC SĨ KINH TẾ NGƯỜI HƯỚNG DẪN KHOA HỌC: TS PHẠM TỐ NGA TP Hồ Chí Minh - Năm 2019 LỜI CAM ĐOAN Tôi xin cam đoan luận văn cơng trình nghiên cứu riêng tôi, chưa công bố nơi Mọi số liệu sử dụng luận văn thông tin xác thực Tôi xin chịu trách nhiệm lời cam đoan TP Hồ Chí Minh, ngày 26 tháng 08 năm 2019 LV Tác giả luận văn n uả Q lý nh ki Lê Phương Dung tế MỤC LỤC Trang phụ bìa Lời cam đoan Mục lục Danh mục ký hiệu, chữ viết tắt Danh mục bảng, biểu Tóm tắt Abstract CHƯƠNG 1: GIỚI THIỆU 1.1 Lý thực đề tài 1.2 Mục tiêu nghiên cứu LV 1.2.1 Mục tiêu tổng quát uả Q 1.2.2 Mục tiêu cụ thể 1.3 Câu hỏi nghiên cứu: n lý 1.4 Đối tượng phạm vi nghiên cứu ki nh 1.4.1 Đối tượng nghiên cứu tế 1.4.2 Phạm vi nghiên cứu 1.5 Phương pháp nghiên cứu 1.6 Ý nghĩa đề tài nghiên cứu 1.7 Kết cấu đề tài: CHƯƠNG 2: HỆ THỐNG NGÂN HÀNG THƯƠNG MẠI VIỆT NAM VÀ VẤN ĐỀ RỦI RO TÍN DỤNG 2.1 Giới thiệu ngân hàng thương mại Việt Nam 2.1.1 Số lượng ngân hàng 2.1.2 Quy mô tài sản 2.1.3 Hoạt động huy động vốn 2.1.4 Hoạt động tín dụng 2.1.5 Quy mô lợi nhuận sau thuế 12 2.2 Các vấn đề cần quan tâm hệ thống ngân hàng thương mại Việt Nam 13 2.2.1 Rủi ro tín dụng 13 2.2.2 Xử lý nợ xấu 14 2.2.3 Quản trị điều hành 15 2.3 Lựa chọn vấn đề rủi ro tín dụng NHTM Việt Nam 16 2.3.1 Vấn đề rủi ro tín dụng ngân hàng thương mại Việt Nam 16 2.3.1.1 Tỷ lệ nợ xấu 16 2.3.1.2 Tỷ lệ dự phòng rủi ro tín dụng 19 2.3.1.3 Nợ xấu hiệu hoạt động kinh doanh 20 2.3.2 Lựa chọn vấn đề rủi ro tín dụng NHTM Việt Nam 21 CHƯƠNG 3: CƠ SỞ LÝ THUYẾT VÀ PHƯƠNG PHÁP NGHIÊN CỨU 25 LV 3.1 Cơ sở lý thuyết 25 Q n uả 3.1.1 Khái quát rủi ro tín dụng ngân hàng 25 lý 3.1.1.1 Khái niệm rủi ro tín dụng 25 3.1.1.3 nh ki 3.1.1.2 Phân loại rủi ro tín dụng 25 Nguyên nhân gây rủi ro tín dụng 27 tế 3.1.1.4 Tác động rủi ro tín dụng 30 3.1.2 Tiêu chí đo lường rủi ro tín dụng Ngân hàng thương mại 31 3.1.3 Các yếu tố ảnh hưởng đến rủi ro tín dụng 34 3.1.4 Lược khảo nghiên cứu trước 37 3.1.4.1 Các nghiên cứu liên quan đến nhóm yếu tố nội ngân hàng ảnh hưởng đến rủi ro tín dụng ngân hàng 37 3.1.4.2 Các nghiên cứu liên quan đến nhóm yếu tố kinh tế vĩ mô ảnh hưởng đến rủi ro tín dụng ngân hàng 39 3.1.4.3 Các nghiên cứu liên quan đến rủi ro tín dụng chịu ảnh hưởng yếu tố nội ngân hàng yếu tố kinh tế vĩ mô 40 3.2 Phương pháp nghiên cứu 41 3.2.1 Dữ liệu nghiên cứu 41 3.2.2 Phương pháp nghiên cứu 43 CHƯƠNG 4: PHÂN TÍCH CÁC YẾU TỐ ẢNH HƯỞNG ĐẾN RỦI RO TÍN DỤNG TẠI CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM 46 4.1 Thực trạng rủi ro tín dụng 46 4.2 Phân tích yếu tố ảnh hưởng đến rủi ro tín dụng NHTM Việt Nam 50 CHƯƠNG 5: KẾT LUẬN VÀ GỢI Ý GIẢI PHÁP HẠN CHẾ RỦI RO TÍN DỤNG TẠI CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM 58 5.1 Kết luận 58 5.2 Gợi ý giải pháp 60 Kết luận Tài liệu tham khảo n uả Phụ lục Q Phụ lục LV Phụ lục lý nh ki tế DANH MỤC CÁC KÝ HIỆU, CÁC CHỮ VIẾT TẮT DP RRTD: Dự phịng rủi ro tín dụng EFF: Ký hiệu hiệu chi phí hoạt động EXR Ký hiệu tỷ giá hối đoái INF: Ký hiệu tỷ lệ lạm phát INR: Ký hiệu lãi suất danh nghĩa LG: Ký hiệu tăng trưởng tín dụng LLP: Ký hiệu dự phịng rủi ro tín dụng NFSC Uỷ ban giám sát tài quốc gia NHNN: Ngân hàng Nhà Nước 10 NHTM: Ngân hàng thương mại LV 11 NII: Ký hiệu thu nhập lãi Q Ký hiệu nợ xấu (đại diện cho rủi ro tín dụng) 13 RRTD: Rủi ro tín dụng 14 SIZE: Ký hiệu quy mô ngân hàng (tổng tài sản) 15 TCTD: Tổ chức tín dụng 16 UNR: Ký hiệu tỷ lệ thất nghiệp n uả 12 NPL: lý nh ki tế DANH MỤC CÁC BẢNG, BIỂU Bảng 2.1: Số lượng NHTM Việt Nam giai đoạn 2007–2018 Biểu 2.1: Tổng tài sản NHTM Việt Nam giai đoạn 2007–2018 Biểu 2.2: Tăng trưởng nguồn vốn huy động NHTM Việt Nam giai đoạn 2007–2018 Biểu 2.3: Tăng trưởng tín dụng NHTM Việt Nam giai đoạn 2007–2018 Biểu 2.4: Quy mô lợi nhuận sau thuế NHTM Việt Nam giai đoạn 2007– 2018 Biểu 2.5: Tỷ lệ nợ xấu NHTM Việt Nam giai đoạn 2007–2018 Biểu 2.6: Cơ cấu nợ xấu theo ngành NHTM Việt Nam năm 2012 Biểu 2.7: Tỷ lệ dự phịng rủi ro tín dụng NHTM Việt Nam giai đoạn LV 2007–2018 Q Tỷ lệ nợ xấu hiệu hoạt động kinh doanh NHTM Việt n uả Biểu 2.8: lý Nam giai đoạn 2007–2018 Bảng tổng kết yếu tố ảnh hưởng đến rủi ro tín dụng Bảng 4.1: Nợ xấu NHTM Việt Nam năm 2007 - 2012 Bảng 4.2: Nợ xấu NHTM Việt Nam năm 2013 – 2018 Bảng 4.3: Bảng thống kê mô tả biến Bảng 4.4: Bảng ma trận hệ số tương quan Bảng 4.5: Bảng hệ số VIF sau bỏ biến INR, ETA Bảng 4.6: Bảng tổng kết kết hồi quy nh ki Bảng 3.1: tế TÓM TẮT Tiêu đề: Các yếu tố ảnh hưởng đến rủi ro tín dụng NHTM Việt Nam Tóm tắt Ngân hàng đóng vai trị quan trọng kinh tế Tín dụng hoạt động chủ yếu ngân hàng Việc nhận biết yếu tố ảnh hưởng đến rủi ro tín dụng hiểu rõ tác động yếu tố đến rủi ro tín dụng cần thiết Đề tài nghiên cứu yếu tố ảnh hưởng đến rủi ro tín dụng Ngân hàng thương mại Việt Nam mức độ ảnh hưởng yếu tố 12 năm từ 2007 - 2018 Đã có số nghiên cứu trước vấn đề yếu tố ảnh hưởng đến rủi ro tín dụng NHTM Việt Nam tìm thấy rủi ro tín dụng chịu ảnh hưởng yếu tố kinh tế vĩ mô yếu tố nội ngân hàng Tác giả kỳ vọng xác định đầy đủ LV yếu tố có ảnh hưởng đến rủi ro tín dụng NHTM Việt Nam Đề tài sử Q n uả dụng phương pháp định lượng: hồi quy mơ hình theo phương pháp GMM kết hợp lý phương pháp phân tích để nghiên cứu vấn đề Dữ liệu nghiên cứu truy suất từ nh ki Bankscope, từ báo cáo thống kê NHNN từ báo cáo tài kiểm tốn 25 NHTM Việt Nam từ năm 2007 đến năm 2018 công bố hàng năm tế Dựa kết nghiên cứu tìm thấy, tác giả đưa kết luận gợi ý số giải pháp hạn chế rủi ro tín dụng NHTM Việt Nam Từ khóa: Rủi ro tín dụng, nợ xấu, yếu tố vĩ mơ, yếu tố nội ngân hàng ABSTRACT Title Affecting factors of credit risk at Vietnamese commercial banks Abstract Banks play an important role in the economy Credit is a major activity of the bank Identifying factors that affect credit risk and understanding the impact of these factors on credit risk is necessary The study investigates the factors affecting credit risk at Vietnamese commercial banks and the impact of these factors in the 12 years from 2007 to 2018 There have been some previous studies on factors affecting credit risk in Vietnamese commercial banks and found credit risks affected by both macroeconomic and internal factors The author expects to more fully identify the factors affecting credit risk in Vietnamese commercial banks The topic LV uses quantitative methods: GMM model regression combines analytical methods to Q n uả study the problem Research data is accessed from the Bankscope, from the State lý Bank's statistical report and from the audited financial statements of 25 Vietnamese nh ki commercial banks from 2007 to 2018 published annually Based on the research findings, the author gives conclusions and suggestions for some solutions to limit tế credit risks in Vietnamese commercial banks Keywords: Credit risk, bad debt, macro factors, internal factors of banks PHỤ LỤC 3: BẢNG TỔNG HỢP DỮ LIỆU NGHIÊN CỨU (BIẾN KINH TẾ VĨ MÔ) n uả Q INF 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 n lý GGDP 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 nh ki tế BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK LV t 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 INR 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 UNR 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 EXR 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 uả Q INF 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 n lý GGDP 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 nh ki tế n VIETCOMBANK SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK LV t 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 INR 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 UNR 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 EXR 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 n uả Q INF 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 n lý GGDP 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 nh ki tế ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK TECHCOMBANK LV t 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 INR 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 UNR 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 EXR 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 uả Q INF 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 n lý GGDP 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 nh ki tế n TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK EXIMBANK EXIMBANK LV t 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 INR 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 UNR 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 EXR 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 uả Q INF 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 n lý GGDP 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 nh ki tế n EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK LV t 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 INR 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 UNR 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 EXR 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 uả Q INF 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 n lý GGDP 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 nh ki tế n MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB ABBANK ABBANK ABBANK ABBANK LV t 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 INR 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 UNR 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 EXR 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 n INF 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 n uả Q lý GGDP 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 nh ki tế ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK LV t 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 INR 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 UNR 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 EXR 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 n uả Q INF 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 0.08303 0.23120 0.07050 0.08860 0.18680 0.09090 lý nh ki GGDP 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 0.07129 0.05661 0.05397 0.06423 0.06240 0.05247 tế n NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK LV t 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 INR 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 0.09717 0.17499 0.10682 0.09808 0.15123 0.11389 UNR 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 0.04640 0.02380 0.01737 0.01114 0.00999 0.01027 EXR 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 20,933 21,148 21,698 21,935 22,370 22,825 16,105 16,302 17,065 18,613 20,510 20,828 t 2013 2014 2015 2016 2017 2018 n INF 0.06590 0.04710 0.00880 0.03240 0.03520 3.53943 PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK GGDP 0.05422 0.05983 0.06679 0.06210 0.06812 0.07578 INR 0.11240 0.09049 0.08043 0.09028 0.06704 7.54695 UNR 0.01252 0.01256 0.01859 0.01851 0.01886 0.02000 EXR 20,933 21,148 21,698 21,935 22,370 22,825 LV n uả Q lý nh ki tế PHỤ LỤC 3: BẢNG TỔNG HỢP DỮ LIỆU NGHIÊN CỨU (BIẾN NỘI TẠI NGÂN HÀNG) LLP 0.01420 0.01668 0.01769 0.01407 0.01409 0.01176 0.01099 0.01010 0.00841 0.00944 0.00891 0.00899 0.01028 0.01111 0.00633 0.00750 0.00650 0.00724 0.00568 0.00653 0.00577 0.00711 0.00743 0.01105 0.01065 0.01880 0.01810 0.01833 0.01431 0.01307 0.01395 0.01221 0.01273 0.01026 0.00780 0.00955 0.00308 0.00460 0.00626 0.01277 0.01140 0.00663 0.00361 0.00301 0.00397 0.00585 0.00530 0.00535 0.00279 n uả lý EFF 0.30532 0.41461 0.44564 0.47535 0.43521 0.40354 0.38052 0.38795 0.44234 0.43703 0.36752 0.35186 0.41603 0.57023 0.59758 0.48754 0.41236 0.42593 0.43761 0.46514 0.46408 0.48417 0.46926 0.48646 0.28243 0.28997 0.39754 0.39338 0.37181 0.39871 0.40384 0.39708 0.39114 0.40339 0.40369 0.34232 0.39878 0.38024 0.42684 0.38680 0.33238 0.71052 0.70726 0.54095 0.50649 0.56932 0.74023 0.60927 0.30385 ki LEV 0.94144 0.94537 0.94188 0.94324 0.94134 0.94542 0.94189 0.94924 0.95252 0.95800 0.96216 0.96115 0.93591 0.93628 0.94896 0.95151 0.94023 0.93488 0.90752 0.91797 0.92933 0.93744 0.94332 0.94357 0.89409 0.93682 0.93569 0.93541 0.92369 0.90107 0.91874 0.92590 0.93423 0.94019 0.95032 0.94326 0.89858 0.92722 0.91776 0.92183 0.92173 0.92380 0.92756 0.94557 0.95099 0.95773 0.96547 0.96786 0.88668 nh tế NPL 0.03658 0.02790 0.02509 0.03050 0.03555 0.03842 0.03073 0.02233 0.02010 0.01844 0.01610 0.01800 0.01020 0.01811 0.01320 0.01427 0.01880 0.01460 0.00997 0.01112 0.00920 0.01022 0.01130 0.01593 0.03293 0.04612 0.02406 0.02796 0.02006 0.02389 0.02716 0.02305 0.01845 0.01507 0.01110 0.00987 0.00338 0.00575 0.01280 0.11402 0.07250 0.07230 0.01632 0.00495 0.01880 0.00676 0.00447 0.00419 0.00237 Q n BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETINBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK VIETCOMBANK SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB Sacombank LV t 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 ETA 0.05689 0.05463 0.05812 0.06508 0.05866 0.05458 0.05811 0.05076 0.04748 0.04200 0.03784 0.03885 0.06409 0.06372 0.05104 0.04849 0.05979 0.06512 0.09248 0.08203 0.07067 0.06256 0.05668 0.05643 0.07398 0.06209 0.06264 0.06459 0.07631 0.09893 0.08987 0.07410 0.06577 0.05981 0.04968 0.05674 0.10142 0.07278 0.08224 0.07817 0.07827 0.07620 0.07244 0.05443 0.04901 0.04227 0.03453 0.03214 0.11332 NII 0.37825 0.25472 0.29724 0.20041 0.18662 0.19889 0.26203 0.22101 0.20892 0.22315 0.21324 0.20354 0.29559 0.17308 0.16045 0.17990 0.09395 0.17327 0.14972 0.16474 0.17212 0.15076 0.15583 0.20382 0.28864 0.18976 0.26948 0.29223 0.18755 0.27751 0.30691 0.30152 0.26648 0.25459 0.25092 0.27494 0.35602 0.16823 0.21922 0.69979 0.09704 0.03471 0.22323 0.35024 0.07470 0.22059 0.54157 0.53111 0.47394 SIZE 19.14 19.32 19.50 19.70 19.82 20.00 20.12 20.29 20.56 20.72 20.88 20.97 18.93 19.08 19.31 19.72 19.95 20.04 20.17 20.31 20.47 20.67 20.81 20.87 19.10 19.22 19.36 19.54 19.73 19.84 19.96 20.17 20.33 20.48 20.76 20.79 17.07 17.47 17.81 17.91 18.79 18.82 19.01 19.31 19.56 19.70 19.91 20.05 17.07 ROE 0.13162 0.14699 0.16021 0.15587 0.12860 0.11225 0.12002 0.14522 0.15182 0.14504 0.14855 0.14446 0.10796 0.14627 0.19338 0.18296 0.21135 0.19102 0.11016 0.10439 0.10409 0.11323 0.10892 0.07970 0.16487 0.19782 0.21534 0.21428 0.16018 0.10408 0.10228 0.10422 0.11768 0.14065 0.17253 0.23779 0.09834 0.16513 0.07023 0.05831 0.03543 0.00561 0.00318 0.00696 0.00531 0.00440 0.00682 0.00948 0.17828 0.00370 0.00520 0.00523 0.00557 0.00958 0.00829 0.00692 0.00746 0.00708 0.00699 0.00762 0.00485 0.00557 0.00687 0.00694 0.00772 0.00773 0.00969 0.01333 0.00896 0.00758 0.00688 0.00874 0.00157 0.00217 0.00300 0.00350 0.00351 0.00858 0.01148 0.01256 0.00851 0.00760 0.00615 0.00737 0.00065 0.00176 0.00463 0.00534 0.00500 0.01100 0.00830 0.00623 0.00697 0.00705 0.00945 0.00866 0.00200 0.00439 0.00474 0.00328 0.00379 n uả lý 0.53589 0.45203 0.47491 0.50637 0.60615 0.58245 0.55274 0.62683 0.87632 0.73162 0.69228 0.34226 0.33908 0.27773 0.26521 0.33728 0.33922 0.36250 0.37444 0.38648 0.40411 0.36727 0.39140 0.26637 0.37526 0.36665 0.39347 0.40005 0.73497 0.66215 0.64570 0.64620 0.61720 0.54520 0.47416 0.28050 0.39879 0.39551 0.45728 0.51010 0.56663 0.77709 0.49007 0.52059 0.50879 0.45013 0.47237 0.48647 0.64846 0.51899 0.47150 0.52425 ki 0.88679 0.89552 0.90386 0.89850 0.91133 0.89572 0.90564 0.92539 0.93392 0.93716 0.93987 0.88017 0.89454 0.89507 0.91566 0.92880 0.92637 0.91624 0.91800 0.89809 0.89968 0.90809 0.90863 0.92672 0.92625 0.93980 0.94453 0.95780 0.92930 0.92625 0.93258 0.93792 0.94096 0.94460 0.93708 0.82386 0.83657 0.91201 0.91803 0.91820 0.91851 0.92793 0.93823 0.94523 0.94371 0.94927 0.94980 0.87976 0.86833 0.90749 0.75682 0.90232 nh tế 0.00618 0.00692 0.00158 0.00563 0.02074 0.01477 0.01194 0.05930 0.06819 0.06680 0.01999 0.03729 0.01915 0.01723 0.01340 0.01602 0.01840 0.02432 0.02730 0.01620 0.01335 0.01210 0.01225 0.00083 0.00886 0.00408 0.00336 0.00857 0.02481 0.03018 0.02175 0.01291 0.00869 0.00710 0.00720 0.00503 0.01886 0.02792 0.01399 0.02234 0.08817 0.04057 0.02023 0.01721 0.01880 0.02331 0.02401 0.00482 0.03407 0.01630 0.01201 0.01779 Q Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank Sacombank MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK MBBANK ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB SHB VPBANK VPBANK VPBANK VPBANK VPBANK LV 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 0.11321 0.10448 0.09614 0.10150 0.08867 0.10428 0.09436 0.07461 0.06608 0.06284 0.06013 0.11983 0.10546 0.10493 0.08434 0.07120 0.07363 0.11173 0.08200 0.10191 0.10032 0.09191 0.09137 0.07328 0.07375 0.06020 0.05547 0.04220 0.07070 0.07375 0.06742 0.06208 0.05904 0.05540 0.06292 0.17614 0.15652 0.08799 0.08197 0.08180 0.08149 0.07207 0.06177 0.05477 0.05629 0.05073 0.05020 0.12024 0.12842 0.09251 0.07249 0.07118 0.55110 0.40980 0.30601 0.14833 0.07242 0.13058 0.22963 0.20762 0.39444 0.39790 0.34261 0.39938 0.13270 0.24075 0.07851 (0.01953) 0.13710 0.19555 0.18328 0.13554 0.16860 0.18941 0.20447 0.56598 0.35646 0.43253 0.25528 0.09745 (0.23900) 0.23186 0.20525 0.06603 0.08837 0.37242 0.26349 0.65898 0.66345 0.25181 0.18167 0.11715 0.34539 0.08814 0.13245 0.04655 0.16229 0.26529 0.18551 0.28921 0.05379 0.16023 0.05670 0.06068 18.03 18.41 18.77 18.76 18.83 18.89 19.06 19.49 19.61 19.71 20.05 17.20 17.61 17.99 18.46 18.72 18.97 19.00 19.11 19.20 19.34 19.54 19.68 18.26 18.47 18.94 19.14 19.45 18.98 18.93 19.01 19.12 19.27 19.46 19.61 16.33 16.49 17.13 17.75 18.08 18.57 18.78 18.94 19.14 19.27 19.47 19.59 16.71 16.74 17.13 18.06 18.23 0.12743 0.14427 0.05858 0.14294 0.07361 0.12907 0.12798 0.02476 0.00354 0.05372 0.06845 0.13877 0.14887 0.15116 0.18757 0.22252 0.17722 0.11126 0.14470 0.11076 0.11852 0.15233 0.17564 0.28125 0.28464 0.21781 0.20522 0.27142 0.05955 0.06731 0.07604 0.08095 0.09505 0.13306 0.24786 0.05825 0.08593 0.13173 0.11817 0.12670 0.17665 0.08335 0.07546 0.07092 0.06567 0.09816 0.10054 0.10396 0.05954 0.11521 0.07310 0.12411 0.00424 0.00549 0.00713 0.00651 0.00656 0.00890 0.00881 0.00555 0.00942 0.00563 0.00407 0.00498 0.00664 0.00777 0.00550 0.00609 0.00637 0.00701 0.00747 0.00256 0.00419 0.00333 0.00247 0.00312 0.00370 0.00747 0.00414 0.00647 0.00471 0.00475 0.00483 0.00618 0.00642 0.01023 0.00868 0.01488 0.00708 0.00664 0.00565 0.00500 0.00523 0.00533 0.00532 0.00218 0.00573 0.00579 0.00479 0.00337 0.00356 0.00418 0.00635 0.00767 n uả lý 0.57923 0.55768 0.57286 0.48336 0.39666 0.38941 0.34357 0.35145 0.32317 0.30212 0.33646 0.35519 0.41381 0.61701 0.48604 0.41819 0.36799 0.30028 0.32451 0.30826 0.61564 0.40690 0.47552 0.47614 0.52320 0.70358 0.61409 0.57240 0.57153 0.48373 0.42704 0.29715 0.40741 0.38205 0.22710 0.34970 0.36629 0.50224 0.40415 0.53917 0.57878 0.53338 0.53191 0.34792 0.31862 0.35203 0.27988 0.30470 0.42758 0.65313 0.63586 0.60515 ki 0.93466 0.93628 0.94523 0.93151 0.92502 0.88930 0.88866 0.91223 0.90567 0.92089 0.93753 0.93204 0.92637 0.91332 0.91673 0.91849 0.92171 0.90695 0.84530 0.94641 0.82500 0.90609 0.93144 0.92121 0.89781 0.90055 0.91038 0.90999 0.93617 0.92349 0.92671 0.85943 0.87044 0.83781 0.79028 0.75880 0.77104 0.77112 0.78787 0.81532 0.82122 0.84419 0.83632 0.81326 0.73379 0.79597 0.89698 0.91119 0.90716 0.91371 0.91287 0.89562 nh tế 0.02719 0.02810 0.02538 0.02428 0.02027 0.02871 0.02724 0.00450 0.02560 0.02000 0.03464 0.02802 0.02696 0.03652 0.02354 0.01656 0.01574 0.01611 0.01763 0.00313 0.01926 0.01102 0.00832 0.02108 0.02353 0.02697 0.02121 0.01301 0.01053 0.01095 0.01080 0.00422 0.00691 0.01781 0.01913 0.04750 0.02931 0.02242 0.02080 0.01879 0.02631 0.02980 0.02201 0.00875 0.04712 0.01834 0.01420 0.01611 0.01318 0.01982 0.02461 0.01859 Q VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK VPBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK TECHCOMBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK HDBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK SAIGONBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK EXIMBANK LV 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 0.06534 0.06372 0.05477 0.06849 0.07498 0.11070 0.11134 0.09063 0.09463 0.07911 0.06247 0.06796 0.07363 0.08668 0.08327 0.08151 0.07829 0.09305 0.15470 0.05359 0.17500 0.09391 0.06856 0.07879 0.10219 0.09945 0.08962 0.09001 0.06383 0.07651 0.07329 0.14057 0.13117 0.16219 0.20972 0.24120 0.22896 0.22888 0.21213 0.18468 0.17878 0.15581 0.16368 0.18674 0.26621 0.20403 0.10302 0.08881 0.09284 0.08629 0.08713 0.10438 0.05376 0.19771 0.14706 0.16171 0.23139 0.35104 0.41149 0.23666 0.44217 0.36199 0.32521 0.20974 0.14248 0.20487 0.17845 0.16400 0.27677 0.42044 0.36353 0.21859 0.46738 0.52356 0.26484 0.04985 0.44163 0.82492 0.59325 0.30820 0.25223 0.24453 0.23171 0.11554 0.27036 0.11989 0.52722 0.08534 0.08307 0.11959 0.15693 0.11635 0.14429 0.13507 0.22267 0.32655 0.30247 0.23341 0.21344 0.15180 0.08728 0.15477 0.06842 0.10572 18.45 18.61 18.88 19.01 19.12 19.27 19.43 17.49 17.90 18.34 18.83 19.00 19.00 18.87 18.99 19.07 19.27 19.41 19.58 16.44 16.07 16.77 17.35 17.62 17.78 18.27 18.40 18.44 18.77 19.01 19.15 16.14 16.23 16.29 16.64 16.58 16.55 16.54 16.61 16.73 16.79 16.90 16.86 17.33 17.69 18.00 18.69 19.03 18.95 18.95 18.90 18.65 0.10664 0.13170 0.13967 0.12926 0.19296 0.18445 0.22653 0.14283 0.20892 0.23214 0.22076 0.25663 0.07581 0.04067 0.07239 0.06682 0.14862 0.22737 0.16228 0.16331 0.03584 0.10812 0.11427 0.12022 0.06052 0.02401 0.04762 0.04431 0.07560 0.12228 0.17392 0.11911 0.10971 0.10723 0.22548 0.07790 0.08398 0.04935 0.05190 0.01272 0.03966 0.01598 0.01212 0.07362 0.05536 0.08481 0.13400 0.18723 0.13399 0.04444 0.00335 0.00340 0.00908 0.00703 0.00698 0.00337 0.00538 0.00441 0.00504 0.00708 0.00909 0.01269 0.01071 0.00890 0.00969 0.00766 0.00630 0.01413 0.01394 0.01322 0.02163 0.03200 0.02987 0.02583 0.02005 0.01413 0.01244 0.01099 0.01004 0.00196 0.00262 0.00295 0.00276 0.00324 0.00732 0.00893 0.00632 0.00672 0.00605 0.00377 0.00718 0.00176 0.00351 0.00526 0.00585 0.00325 0.00633 0.00633 0.00621 0.00432 0.00526 0.00483 0.00640 0.00358 n uả lý 0.60553 0.57670 0.65442 0.39053 0.66602 0.54522 0.47070 0.48986 0.55262 0.61687 0.48443 0.55923 0.61394 0.56856 0.43534 0.42679 0.47804 0.57177 0.54514 0.56024 0.54286 0.62837 0.56587 0.50853 0.51350 0.44750 0.44614 0.31704 0.36317 0.30947 0.35821 0.52059 0.70827 0.69092 0.59700 0.72185 0.49815 0.63844 0.62025 0.18815 0.29458 0.28091 0.31052 0.72372 0.81243 0.74540 0.71470 0.82174 0.58496 0.58085 0.57767 0.37996 ki 0.89656 0.90542 0.90346 0.94447 0.93397 0.94800 0.93007 0.91598 0.86757 0.89064 0.89302 0.89872 0.91696 0.92910 0.92359 0.95253 0.95556 0.92841 0.91637 0.94328 0.93976 0.94576 0.94607 0.94507 0.95083 0.95339 0.95575 0.89278 0.94258 0.94437 0.94514 0.91694 0.91731 0.90851 0.90858 0.87032 0.85290 0.87830 0.90012 0.87179 0.81414 0.82085 0.89603 0.94523 0.92564 0.92833 0.92914 0.93194 0.94312 0.95094 0.94129 0.85920 nh tế 0.02946 0.02268 0.01846 0.02490 0.01844 0.01276 0.01588 0.02690 0.02620 0.02775 0.02514 0.02070 0.02575 0.02488 0.02240 0.02500 0.03251 0.04145 0.05607 0.07535 0.07370 0.05899 0.03620 0.02628 0.02078 0.02054 0.01601 0.02084 0.01491 0.00629 0.01868 0.02268 0.02614 0.02707 0.05159 0.03235 0.02241 0.02181 0.02989 0.00150 0.02064 0.02472 0.02138 0.02747 0.02969 0.06296 0.02795 0.02145 0.01712 0.00843 0.01508 0.01480 Q EXIMBANK EXIMBANK EXIMBANK VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK AGRIBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK MARITIMEBANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK SEABANK OCB LV 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 0.10344 0.09458 0.09654 0.05553 0.06603 0.05200 0.06993 0.08402 0.13243 0.10936 0.10698 0.10128 0.08304 0.07090 0.07641 0.04693 0.04398 0.04058 0.05516 0.04869 0.05644 0.05218 0.05876 0.05589 0.04917 0.04661 0.04425 0.10722 0.05742 0.05563 0.05486 0.08306 0.08269 0.09149 0.09142 0.12968 0.14710 0.12170 0.09988 0.12821 0.18586 0.17915 0.10397 0.05477 0.07436 0.07170 0.07086 0.06806 0.05688 0.04906 0.05871 0.14080 0.17122 0.30194 0.27843 0.28611 0.10025 0.28465 0.17240 (0.06529) 0.06984 0.18409 0.32959 0.17650 0.22716 0.15349 0.20431 0.24912 0.26096 0.32038 0.22704 0.16201 0.15372 0.19115 0.16618 0.19213 0.19636 0.20068 0.22475 0.18836 0.09540 0.22290 0.25587 0.35441 0.23271 0.28196 0.42754 0.33152 0.38856 0.57563 0.39918 0.15085 0.05325 0.26150 0.21895 (0.04445) 0.00873 0.19639 0.33650 0.02660 0.03682 0.09844 0.16202 0.10809 18.68 18.83 18.85 17.49 17.36 17.85 18.36 18.39 17.96 18.11 18.19 18.25 18.47 18.63 18.75 19.61 19.81 19.99 20.10 20.15 20.24 20.36 20.45 20.59 20.72 20.86 20.97 16.68 17.30 17.97 18.56 18.55 18.52 18.45 18.45 18.47 18.34 18.54 18.74 17.08 16.93 17.24 17.83 18.43 18.13 18.20 18.20 18.26 18.45 18.64 18.76 16.28 0.02208 0.05750 0.04310 0.14150 0.07365 0.15599 0.11705 0.08027 0.06234 0.01022 0.05674 0.05731 0.06425 0.12861 0.20814 0.10797 0.12084 0.14509 0.09028 0.12937 0.05348 0.04614 0.05637 0.05928 0.06882 0.07563 0.10664 0.09175 0.16903 0.21750 0.18287 0.08393 0.02491 0.03614 0.01223 0.00902 0.01071 0.00915 0.06264 0.08887 0.07687 0.08388 0.10955 0.02277 0.00945 0.02649 0.01529 0.01593 0.01986 0.04817 0.05962 0.10186 0.00692 0.00844 0.00531 0.00686 0.01136 0.00626 0.00779 0.00488 0.00520 0.00479 0.00565 0.00337 0.00602 0.00537 0.00556 0.00764 0.00896 0.01131 0.00705 0.00595 0.00788 0.00897 0.00719 0.00062 0.00201 0.00510 0.00638 0.00707 0.01012 0.00719 0.00530 0.00434 0.00420 0.00500 0.00542 0.00222 0.00577 0.00772 0.00826 0.00842 0.00799 0.00714 0.00530 0.00544 0.00667 0.00509 0.00552 0.00164 0.00336 0.00235 0.00375 0.00277 n uả lý 0.63962 0.42108 0.40063 0.47174 0.47873 0.49623 0.52801 0.55782 0.56274 0.53091 0.37199 0.34698 0.73152 0.41944 0.44712 0.46964 0.62311 0.66360 0.66049 0.60802 0.58434 0.58374 0.57346 0.49253 0.66553 0.42562 0.52122 0.57557 0.87628 0.92744 0.91098 0.85683 0.79944 0.78701 0.81950 0.31158 0.54661 0.38740 0.41206 0.50537 0.59302 0.76362 0.72418 0.50139 0.50843 0.56511 0.47639 0.40772 0.81884 0.58811 0.50272 0.40925 ki 0.84238 0.81627 0.84053 0.85243 0.86072 0.87910 0.89723 0.91455 0.92610 0.92725 0.91208 0.85564 0.70687 0.83070 0.87807 0.88681 0.89468 0.90095 0.91539 0.91092 0.92204 0.92825 0.92368 0.94153 0.90132 0.93761 0.89901 0.85708 0.85248 0.88985 0.91285 0.93334 0.95328 0.95528 0.95544 0.85981 0.85983 0.89158 0.85901 0.84115 0.85640 0.86725 0.89784 0.90641 0.93464 0.93611 0.94084 0.87281 0.78116 0.87780 0.85010 0.82664 nh tế 0.02870 0.02640 0.02050 0.02794 0.02385 0.02912 0.03895 0.01940 0.01754 0.01794 0.02288 0.01506 0.01500 0.01459 0.01165 0.02822 0.02833 0.06742 0.03969 0.02122 0.02505 0.02770 0.01886 0.00163 0.02906 0.02452 0.02239 0.02916 0.05640 0.06067 0.02525 0.02150 0.01485 0.01533 0.02120 0.00670 0.01799 0.01312 0.02518 0.02330 0.04650 0.02880 0.02326 0.02264 0.02140 0.02675 0.01370 0.01640 0.01520 0.01710 0.02181 0.02837 Q OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK ABBANK NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK VIETABANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK LV 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 0.15762 0.18373 0.15947 0.14757 0.13928 0.12090 0.10277 0.08545 0.07390 0.07275 0.08792 0.14436 0.29313 0.16930 0.12193 0.11319 0.10532 0.09905 0.08461 0.08908 0.07796 0.07175 0.07632 0.05847 0.09868 0.06239 0.10099 0.14292 0.14752 0.11015 0.08715 0.06666 0.04730 0.04472 0.04456 0.14019 0.14017 0.10842 0.14099 0.15885 0.14356 0.13275 0.10216 0.09359 0.06536 0.06389 0.05916 0.12719 0.21884 0.12220 0.14990 0.17336 0.19689 0.11559 0.10481 0.00630 (0.11125) (0.02282) 0.13042 0.06796 0.10701 0.11627 0.31432 0.23054 0.19592 0.17721 0.10542 0.00019 0.05062 0.17026 0.11531 0.15622 0.19709 0.19833 0.30018 0.64646 0.21559 0.39264 0.07276 (0.07920) 0.01410 0.10571 0.09496 0.00693 0.09601 0.10922 0.21034 0.43778 0.30097 0.36516 0.27629 0.24157 0.40926 (0.03863) 0.16932 (0.25940) 0.12673 (0.15723) 0.04865 0.23497 0.29985 0.07933 0.22761 0.36601 16.13 16.36 16.80 17.05 17.13 17.31 17.48 17.72 17.97 18.25 18.42 16.66 16.13 16.36 16.80 17.05 17.13 17.31 17.48 17.72 17.97 18.25 18.32 16.11 16.20 16.74 16.81 16.93 16.89 17.19 17.42 17.69 18.05 18.09 18.10 16.06 16.15 16.58 17.00 16.93 17.02 17.11 17.39 17.55 17.93 17.98 18.08 15.47 15.59 16.21 16.49 16.76 0.04087 0.08846 0.09698 0.08069 0.06019 0.06089 0.05489 0.04958 0.08205 0.13266 0.20033 0.06524 0.01256 0.06942 0.10303 0.06662 0.07665 0.02754 0.01878 0.01538 0.04040 0.08032 0.10408 0.12907 0.05310 0.12214 0.07845 0.05150 0.00075 0.00576 0.00251 0.00166 0.00335 0.00672 0.01111 0.11050 0.05011 0.12246 0.07848 0.06937 0.04644 0.01675 0.01306 0.02091 0.02475 0.02400 0.02747 0.11269 0.00753 0.04209 0.06373 0.07288 0.00435 0.00266 0.00403 0.00550 0.00909 0.01549 0.01028 0.00333 0.00395 0.00388 0.00489 0.00530 0.00744 0.00573 0.00584 0.00543 0.00558 0.00588 0.00600 0.00103 0.00099 0.00537 0.00445 0.00277 0.00355 0.00539 0.00544 0.00424 0.00561 0.00619 0.00724 0.00083 0.00287 0.00452 0.00643 0.01045 0.01653 0.00752 0.00671 0.00721 0.00706 0.00779 0.00752 n uả lý 0.49456 0.61568 0.59158 0.54260 0.59714 0.51173 0.64233 0.29456 0.59734 0.46375 0.38349 0.38833 0.51418 0.55676 0.62345 0.66932 0.73758 0.70989 0.76313 0.16192 0.88169 0.45395 0.53693 0.35991 0.52782 0.67944 0.66923 0.77717 0.88059 0.83656 0.74000 0.28055 0.48651 0.36571 0.42531 0.38758 0.49975 0.69942 0.63838 0.64883 0.54028 0.46846 0.43405 ki 0.79530 0.88679 0.91067 0.90373 0.91988 0.93264 0.94404 0.70992 0.64366 0.85068 0.74461 0.80690 0.81957 0.84127 0.85630 0.86721 0.88986 0.90557 0.91331 0.62903 0.68518 0.66761 0.74733 0.80548 0.84194 0.86041 0.87150 0.88583 0.89777 0.91620 0.92763 0.88392 0.83411 0.89504 0.86730 0.85264 0.83530 0.87097 0.87046 0.86335 0.85920 0.87850 0.87670 nh tế 0.02476 0.01477 0.01468 0.00913 0.02937 0.01947 0.01544 0.01270 0.01657 0.01166 0.01109 0.02773 0.02926 0.02471 0.01953 0.01126 0.01061 0.00839 0.00942 0.00440 0.01238 0.03475 0.04066 0.02702 0.01895 0.04108 0.02014 0.02500 0.01300 0.01800 0.02060 0.00062 0.01428 0.01225 0.01418 0.02056 0.08437 0.02980 0.02485 0.02754 0.02468 0.03339 0.03061 Q NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK NAM A BANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK KIENLONGBANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK VIETCAPITAL BANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK PGBANK LV 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 0.20470 0.11321 0.08933 0.09627 0.08012 0.06736 0.05596 0.29008 0.35634 0.14932 0.25539 0.19310 0.18043 0.15873 0.14370 0.13279 0.11014 0.09443 0.08669 0.37097 0.31482 0.33239 0.25267 0.19452 0.15806 0.13959 0.12850 0.11417 0.10223 0.08380 0.07237 0.11608 0.16589 0.10496 0.13270 0.14736 0.16470 0.12903 0.12954 0.13663 0.14080 0.12150 0.12330 0.29760 0.40694 0.12957 0.09666 0.12240 0.29533 0.04710 0.00951 0.07633 0.04504 (0.05255) 0.04152 0.02718 0.02633 0.05873 0.02221 0.11620 0.03743 0.15911 0.55436 (0.55164) 0.17199 0.05687 0.27071 0.29905 0.19776 0.29522 0.22236 0.19732 0.13326 0.15696 0.13392 0.33928 0.31852 0.22205 0.06278 0.12015 0.23466 0.12558 0.12341 0.10388 0.23019 0.29176 16.59 17.18 17.43 17.38 17.57 17.81 18.13 14.60 14.89 15.83 16.35 16.70 16.76 16.90 16.97 17.05 17.23 17.44 17.57 14.53 15.02 15.02 15.92 16.65 16.84 16.95 17.07 17.18 17.29 17.50 17.67 15.36 15.64 16.16 16.61 16.68 16.77 17.03 17.07 17.02 17.03 17.19 17.21 0.05513 0.04138 0.05619 0.05690 0.00957 0.06524 0.14035 0.08436 0.03557 0.08203 0.06057 0.11367 0.10104 0.08847 0.05363 0.04867 0.03370 0.05611 0.05181 0.08522 0.00469 0.04935 0.02720 0.08178 0.06308 0.03203 0.04893 0.01606 0.00081 0.01003 0.02840 0.07531 0.06388 0.16000 0.10068 0.17223 0.07567 0.01190 0.03924 0.01210 0.03508 0.01812 0.03443