Financial Sector Assessment : Vietnam

Vietnam has achieved remarkable progress since the start of its transition from a centrally planned economy in the mid-1980s. The Economic Renovation Policy announced in December 1986 marked the transition from a centrally planned economy to a mixed economy with greater reliance on markets and increased participation of private financial and non-financial institutions. These reforms contributed to an impressive performance in the last two decades, since 1990 the annual GDP growth has exceed 7 percent and per capita income has increased three-fold. This Financial Sector Assessment Program (FSAP) provides a broad set of policy recommendations that can be used to operationalize the SEDP and the banking restructuring program. The recommendations fall into three groups: (i) a plan to work out the large stock of existing NPLs; (ii) measures to ensure sound new flows of finance and prevent the accumulation of additional NPLs; and (iii) a set of policy steps designed to protect the financial sector during the envisaged reform period. For each group of measures, the plan identifies pre-conditions (first phase) and sub-sets of measures that needs to be implemented in the short run (second phase) as well as those that can be phased in over the medium term (third phase).

Bibliographic Details

Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP) biblioteca
Language:	English en_US
Published:	Washington, DC 2014-06
Subjects:	ACCESS TO INSURANCE, ACCOUNT HOLDERS, ACCOUNTING, ACCOUNTING FRAMEWORK, ACCOUNTING STANDARD, ACCOUNTING STANDARDS, ASSET MANAGEMENT, ASSET VALUES, AUCTION, BALANCE SHEETS, BANK DEPOSIT, BANK DEPOSITS, BANK PAYMENT, BANKING ASSETS, BANKING LAW, BANKING REGULATION, BANKING SECTOR, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY LAW, BENCHMARK YIELD, BENCHMARK YIELD CURVE, BENEFICIARIES, BLUE CHIPS, BOND, BOND FUNDS, BOND MARKET, BOND MARKET DEVELOPMENT, CAPITAL ADEQUACY, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, CAPITAL MARKETS, CENTRAL BANK, CENTRAL GOVERNMENT DEBT, CENTRAL SECURITIES DEPOSITORY, COLLATERAL, COLLATERAL REQUIREMENTS, COMMERCIAL BANK, COMMERCIAL BANKING, COMMERCIAL BANKS, COMPENSATION FUND, CONFLICTS OF INTEREST, CONSUMER PROTECTION, CORPORATE BOND, CORPORATE BOND MARKET, CREDIT BUREAU, CREDIT BUREAUS, CREDIT DECISIONS, CREDIT GROWTH, CREDIT INFORMATION, CREDIT INSTITUTIONS, CREDIT LINES, CREDIT QUALITY, CREDIT RATIONING, CREDIT REPORTING, CREDIT REPORTING SYSTEM, CREDIT RISK, CREDITOR, CREDITOR RIGHTS, CREDITORS, DEBT, DEBT COLLECTION, DEBT COLLECTION CASES, DEBT SERVICE, DEBTOR, DEBTORS, DEBTS, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT INSURANCE, DEPOSITS, DEVELOPMENT BANK, DISCLOSURE REQUIREMENTS, ECONOMIC DEVELOPMENT, ENFORCEMENT MECHANISMS, EQUITIES, EQUITY MARKET, EQUITY MARKET CAPITALIZATION, EQUITY MARKETS, FINANCIAL DEVELOPMENT, FINANCIAL DISTRESS, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MARKET, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FIXED INCOME, FIXED INCOME MARKET, FLOATING RATE, FLOW OF CREDIT, FOREIGN BANKS, FOREIGN CURRENCY, FOREIGN EXCHANGE, FRAUD, GOVERNMENT BOND, GOVERNMENT BOND MARKET, GOVERNMENT BONDS, GOVERNMENT DEBT MARKET, GUARANTEE FUND, HOUSING FINANCE, ILLIQUIDITY, INCOME SECURITIES, INITIAL PUBLIC OFFERING, INITIAL PUBLIC OFFERINGS, INSTITUTIONAL INVESTOR, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INSURANCE MARKET, INSURANCE PRODUCTS, INTEREST RATE PRODUCTS, INTEREST RATE RISK, INTEREST RATES, INVESTMENT POLICY, INVESTOR BASE, INVESTOR EDUCATION, IPO, ISSUANCE, JUDICIAL PROCESS, LACK OF TRANSPARENCY, LEGAL FRAMEWORK, LENDERS, LEVELS OF COLLATERAL, LIABILITY, LIFE INSURANCE, LIQUIDATION, LIQUIDITY, LIQUIDITY POSITIONS, LIQUIDITY RISK, LOAN, LOAN CLASSIFICATION, LOAN PORTFOLIO, LOAN PORTFOLIOS, LOCAL BANKS, LOCAL GOVERNMENTS, LONG-TERM FINANCE, MACROECONOMIC POLICIES, MACROECONOMIC VOLATILITY, MARKET CONDITIONS, MARKET CONFIDENCE, MARKET DEPTH, MARKET DISTORTIONS, MARKET INFRASTRUCTURE, MARKET INFRASTRUCTURES, MARKET INTEREST RATE, MARKET PARTICIPANTS, MARKET PLAYERS, MATURITY, MICRO-FINANCE, MICRO-FINANCE INSTITUTION, MONETARY FUND, MONETARY POLICIES, MORTGAGE, MOVABLE ASSETS, MUTUAL FUND, MUTUAL FUND INDUSTRY, MUTUAL FUNDS, NON-PERFORMING LOANS, NPL, OPERATIONAL INDEPENDENCE, PAYMENT SYSTEM, PENSION, PENSION FUNDS, PORTFOLIO, POSTAL SAVINGS, PRICE DISCOVERY, PRIMARY DEALER, PRIMARY DEALER SYSTEM, PRIMARY MARKET, PRIMARY MARKETS, PRIVATE SALE, PROVISION OF CREDIT, PROVISIONING RULES, PRUDENTIAL REGULATIONS, PRUDENTIAL SUPERVISION, PUBLIC INVESTMENT, PUBLIC MARKET, REAL ESTATE COLLATERAL, REAL ESTATE LENDING, REAL ESTATE LOANS, REGISTRATION SYSTEM, REGULATORY FRAMEWORK, RESERVES, RETAIL INVESTORS, RISK MANAGEMENT, SAFETY NET, SAVINGS INSTRUMENTS, SAVINGS RATIO, SECONDARY MARKET, SECONDARY MARKETS, SECURITIES, SECURITIES MARKET, SECURITIES MARKETS, SECURITIES TRANSACTIONS, SECURITY INTERESTS, SEIZURE, SETTLEMENT, SETTLEMENT SYSTEM, SETTLEMENT SYSTEMS, SOLVENCY, SOURCE OF CREDIT, STATE AUDIT OFFICE, STATE BANK, STOCK EXCHANGE, STOCK EXCHANGES, STRATEGIC INVESTORS, SUPERVISORY AGENCIES, SUPERVISORY AUTHORITY, TERRORISM, TRADING, TRANSACTION, TRANSACTION COSTS, TREASURY, TREASURY BONDS, UNDERLYING ASSETS, UNSECURED CLAIMS, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2014/06/20375067/vietnam-financial-sector-assessment http://hdl.handle.net/10986/20583
Tags:	Add Tag No Tags, Be the first to tag this record!