Currently, the banking sector in Vietnam is still dominated by the 4 state-owned banks which account for 70% of total assets in the banking system and 70% of total bank loans as well. Thirty six joint stock banks, which serve mainly small and medium enterprises, account for about 15% of total credit and 20% of the total chartered capital in the banking system. Banks with foreign capital, whose clients are mainly foreign invested enterprises and firms, account for about 10% of bank loans.