Ownership changes in Vietnamese banking system and their impacts
Main Article Content
Abstract
Abstract. During the economic reform process in Vietnam, the banking system including state-owned commercial banks (SOCBs) has developed significantly and played an increasingly important role in the economic growth. However, in the development process of a market economy, the Vietnamese state-owned commercial banks have faced internal limitations, of which the ownership-related limitation needs to be studied thoroughly. Following the US - Vietnam Bilateral Trade Commitment and since its accession to the WTO, the diversification of bank ownership is an inevitable trend for increased competences and competiveness. This paper addresses the following questions: How has the bank ownership changed over the past years in Vietnam? How have those changes impacted on the Vietnamese banking system? The article proposed a number of recommendations to further develop Vietnamese banking system regarding changes of bank ownership.
References
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[2] Huynh The Du., (2008). Relationships of Government - State-owned Enterprises - State-owned Commercial Banks in Vietnam. Fulbright Economic Teaching Training Program.
[3] IMF., (2007). Vietnam Country Report 07/386 Statistical Appendix, December. www.imf.org.
[4] Nguyen Hong Nga., (2007). ‘Government Ownership in the Vietnamese Banking System’, Journal of Banking. www.sbv.gov.vn.
[5] Nguyen Hong Son., (2008). Banking System of Vietnam: Reform Strategies and Transition Assessment.
[6] Nguyen Thi Mui., (2010). Vietnamese Commercial Banking System and Challenges. www.vietinbankschool.edu.vn/Home/Article.aspx?Id=519.
[7] Nguyen Tuan Anh., (2009). Mối quan hệ giữa hoạt động của ngân hàng thương mại và tăng trưởng kinh tế (The realtionship between commercial bank activities with economic growth). http://nguyentuananhlaw.posterous.com/mOi-quan-hE-giUa-hoAt-Ong-cUa-ngAn-hAng-thUOn
[8] Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer., (2000). Government Ownership of Banks, NBER Working Paper No. 7620, March.
[9] The SBV., (2009). Annual Report.
[10] World Bank., (2008). ‘Vietnam Financial Sector Diagnostic 2008’, World Bank Report.