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Banking reform in Vietnam

Author

Listed:
  • R. Ashle Baxter
  • Anne Ho

Abstract

Vietnams banking sector is expected to have one of the highest growth rates in Asia during the next few years due to the countrys 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 countrys move towards a more open and marketoriented economy. Many of these reforms have also been motivated by Vietnams 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 Vietnams banking sector, reviews significant developments since the mid 1980s, and highlights key challenges to reform implementation.

Suggested Citation

  • R. Ashle Baxter & Anne Ho, 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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    Citations

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    Cited by:

    1. Thanh-Tuyen Tran, 2019. "An Empirical Study by Applying Multi-Criteria Expertise Analytic Hierarchy Process Model in Evaluation," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 9(2), pages 1-5.
    2. Chu V. Nguyen & David McMillan, 2015. "The Vietnamese lending rate, policy-related rate, and monetary policy post-1997 Asian financial crisis," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1007808-100, December.
    3. 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.
    4. Huong, Pham Thu, 2022. "Foreign bank penetration in Vietnam following Vietnam’s accession to the WTO: matching expectations with reality," OSF Preprints fkhbt, Center for Open Science.

    More about this item

    Keywords

    Banks and banking - Vietnam;

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