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Banking reform in Vietnam

Author

Listed:
  • Anne Ho
  • R. Ashle Baxter

Abstract

Vietnam’s banking sector is expected to have one of the highest growth rates in Asia during the next few years due to the country’s continued economic expansion, rising household incomes, and relatively low penetration of existing banking services. Over the past two decades, the Vietnamese government has undertaken a series of reforms to strengthen and modernize the sector as part of the country’s move towards a more open and marketoriented economy. Many of these reforms have also been motivated by Vietnam’s growing participation in international agreements and ongoing efforts to adopt international standards such as the Basel capital framework. Key reforms include a restructuring of the banking system, a gradual opening to foreign investment, the partial privatization of state-owned banking institutions, and measures to strengthen the capitalization of Vietnamese banks. This Asia Focus report provides an overview of Vietnam’s banking sector, reviews significant developments since the mid 1980s, and highlights key challenges to reform implementation.

Suggested Citation

  • Anne Ho & R. Ashle Baxter, 2011. "Banking reform in Vietnam," Asia Focus, Federal Reserve Bank of San Francisco, issue June.
  • Handle: RePEc:fip:fedfaf:y:2011:i:june
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    File URL: http://www.frbsf.org/publications/banking/asiafocus/2011/june-banking-reform-in-vietnam.pdf
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    Cited by:

    1. Thi My Phan, Hanh & Daly, Kevin & Akhter, Selim, 2016. "Bank efficiency in emerging Asian countries," Research in International Business and Finance, Elsevier, vol. 38(C), pages 517-530.

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    Keywords

    Banks and banking - Vietnam;

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