From Monobank to Commercial Banking: Financial Sector Reforms in Vietnam, 1988-2003This comprehensive, detailed and up-to-date descriptive analysis of financial sector reforms in Vietnam since 1998 critically analyses key problems and obstacles facing the efforts to transform the Vietnamese economy, particularly the financial sector, from one subordinate to government objectives and goals to an autonomous sector guided by market forces and competitive pressures. Here, the history of financial sector liberalization is traced and close attention paid to the activities and autonomy of the State Bank of Vietnam, the institution responsible for the supervision and regulation of the financial sector in Vietnam. Overall, the authors argue that ensuring a timely, fair and transparent supervision and regulation of the financial sector is of central importance to financial sector development and stability. Liberalizing financial markets is not solely a question of limiting and/or restricting government influence but may in fact involve the opposite, the influence and power of supervisory and regulatory institutions in many cases needing to be strengthened. |
Contents
Introduction | xxxi |
CHAPTER | 1 |
The East Asian Financial Crisis and its aftermath 19972003 | 33 |
Copyright | |
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accounting standards addition agricultural sector analysis and/or Asian Development Bank Asian Financial Crisis assets autonomy Bank of Vietnam banking sector banking supervision banking system Barth billion dong capital central bank central bank independence Chapter CIEM commercial banks companies competition consensus governance consequence credit cooperatives Credit Fund debts deposit insurance developing countries Doi Moi dollarisation domestic banks EAFC East Asian Financial enterprises entry equitisation established financial institutions financial markets financial system foreign banks foreign currency formal financial Hanoi implementation increased indicates inflation initial inter-bank interest rates international accounting investments issues JSBS lack of transparency legislation liberalisation Malaysia market-based ment mobilisation monetary policy non-performing loans NPL problem operations organisation overall policy lending political recapitalisation region restrictions restructuring result risk Rosca rural SOCBS Source state-owned supervision and regulation supervisory authorities Table Thailand USBTA VBARD Vietnamese banking Vietnamese financial sector