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Title: Banking and Financial Sector Reforms in Vietnam
Category: Economy
Source: ASEAN Economic Bulletin
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Date: 4/30/2009 Pages: 14 Language: English File Type: Size: 186 Kb
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Summary:
This paper summarizes Vietnam’s developments in the banking and financial sector to date. It assesses the system’s weaknesses that played an important role during the macroeconomic turbulence of 2008. It then discusses the need for deeper reforms of the country’s key macroeconomic institutions. In general, for Vietnam to achieve its goal of becoming a modern industrialized economy by 2020, it needs to have world-class public institutions to complement a flexible and entrepreneurial private sector.
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