November 28, 2011
The central bank has completed a plan to restructure the banking system. Vietnam’s central bank said it will consider lowering the dong deposit rate cap in December, admitting that the cap has created an advantage for large banks over smaller lenders. The 14 percent cap was introduced at the end of 2010, but until last [...]
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November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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