In recent months, the State Bank of Vietnam has allowed five international banks to convert into wholly owned local entities in the country, opening its banking sector up to competition and bringing broader products and services to the market. Writer Nick Freeman.
Asia-Pacific
Latest articles from Vietnam
Foreign banks to the rescue
November 3, 2008Domestic issues have caused Vietnam’s underdeveloped banking sector to struggle in recent years. Will these difficulties be eased when foreign banks enter the market? Writer Nick Freeman.
Vietnam leads the way in tackling poverty
February 4, 2008The declining poverty rate in Vietnam is due to the country’s policy of inclusive development, writes Ajay Chhibber.
Herd instinct warnings as foreign banks rush in
January 2, 2008Vietnam’s booming economy is proving an irresistible lure for banks despite reform hold=ups and expensive valuations. Karina Robinson reports from Hanoi.
The silk glove that needs an iron fist
December 1, 2007Vietnam’s central bank governor will have to toughen up as the country’s banking sector continues to develop at a rapid pace. By Karina Robinson.
Finance Minister of the Year/Asia
January 8, 2007
Vu Van Ninh
Minister of Finance Vietnam
Subtle growth in the bonds arena
December 4, 2006Nick Freeman in Ho Chi Minh City reports on Vietnam’s widening spectrum of domestic bond issuers and investors.
Journey towards greater liberalisation continues
July 3, 2006With Vietnam’s chances of acceding to the WTO this year looking hopeful, Nick Freeman reports from Ho Chi Minh City on the repercussions for the country’s financial and banking sectors.
Back on the radar
February 6, 2006As relaxed regulations and a healthy economy fuel interest in Vietnam, private banks are signing foreign partnerships while public banks prepare to sell off shares, writes Nick Freeman in Ho Chi Minh City.
Vietnam readies itself for foreign arrivals
August 1, 2005Nick Freeman reports from Hanoi on Vietnam’s burgeoning banking sector and local strategies for survival as foreign enthusiasm grows.