Vietnam banking sector report 2013 pdf

Vietnam dr in short, as the tor for the mtr sets forth, the vietnam dr is intended to help vietnam mitigate the negative. Pdf vietnam banking industry 2019 outlook researchgate. In this vietnam banking sector report 2018, we reported banking growth in 2017 and q12018, including credit growth, deposit growth, liquidty, capital adequacy, bad debt, profitability and operational efficiency. The four largest stateowned commercial banks still dominate the banking. In the july 20 money market survey, merely 1% of responses considered the vietnam interbank offered rate a reliable benchmark. Mobilizing finance for local infrastructure development in vietnam. The above view is supported by a special report by the imf. Algeria has an underdeveloped banking sector, which has limited the countrys ability to provide the domestic lending needed to promote the private sector.

Asian development bank asian development bank fincian al soundness indicators for financial sector stability in viet nam. In china, we expect asset quality to slightly worsen over the next two years due to tighter lending conditions. Determinants of bank profitability evidence from vietnam. Annual report 20 08122014 annual report 2012 07072014 annual report 2011 state bank of vietnam 021820. In addition, some fbs are still holding stakes in domestic jscbs. Devadevan research associate, faculty area of information technology, indian institute of forest manag ement, bhopal, india. Chinabased securities and funds management businesses. Most of the sector is driven by foreign direct investment fdi, which accounts for close to. All in all, we are confident about the industry s continued strength. Overall, the strategy signals a strong commitment of the authorities to address the structural deficiencies and key risks facing the banking sector in vietnam. Banking penetration is relatively low only around 30% of the population have a bank account providing ample space for growth.

Banking sector reform in vietnam ought to aim at programs, which would promote modernization as well as industrialization. Chinatrust and mizuho in vietnam also increased its capital provided by their mother banks at the end of 2010. Lending by vietnams banking sector increased fivefold between 2006 and 2012, while total credit grew from 39% of. Vietnam banking report 2018 industry report company. Until 20, there were five stateowned commercial banks socb, thirty. Overall, vietnams manufacturing sector remains relatively small. Ingredients report, and hotel and restaurant industry hri food service sector report are highly recommended. Rapid credit growth at the start of the decade led to higher levels of nonperforming loans. Financial sector assessment, strategy, and road map this sector assessment, strategy, and road map highlights the government of viet nams plans and strategies for addressing priority needs for the financial sector and identifies possible preliminary areas of international assistance. Credit has gradually been controlled more strictly, as of march 25, 2019, credit increased by 2. Mike has extensive advisory experience in the banking, mining, hospitality and media sectors in the philippines.

The global financial development report 20192020 provides new data and evidence on the regulatory remedies adopted to prevent future financial instability and sheds light on ongoing policy debates. The socbs continue to dominate the banking sector with a share of 73% of total credits in. Until 20, there were five stateowned commercial banks socb, thirtyfive jointstock. In the early years of the century, fdi and the domestic private sector started to rapidly grow and agriculture was also doing well.

Several challenges have to be faced by the banking system in vietnam, which explains why banking sector reform in vietnam is obligatory. Banking across borders international expansion opportunities for emerging marketsbased banks 5 extra intra sources. Therefore 2 world bank vietnam, financial sector assessment program fsap report 92618, june 2014. Financial sector assessment, strategy, and road map. However, with reforms bank balance sheets are strengthening and the tightening of credit policies. Macroeconomics, which provide the environment for the banking system. Car to the requirement threshold, some banks could restrict credit growth and boost capital raising, which may put upward. This report is a product of the staff of the world bank group. Construction sectors share of incremental credit has been declining. It is based on the information available at the time it was completed on may 23, 2017. Identificationconcept stage pid project information. Myanmars bankingassetstogdp ratio of 49% is the lowest among asean peers. Official pdf, 9 pages world bank documents world bank group.

As analyzed above, the most important object of bank industry in 2017 will be the application of basel ii, which. This was a slight decrease compared to the ldr from the previous year, which. The 20 wbimf fsap, that followed the turbulent period of. A joint mission from the world bank wb and the international monetary fund imf visited vietnam in october 2012 and january 20 to conduct the assessment of the vietnamese financial system under the financial sector assessment program fsap1.

Gain and fairs reports are regularly updated online to keep u. Unlike those in most of developed asia, consumers in asean countries use mobile banking as the primary way to access digital. Vietnam financial sector assessment english abstract. Hhi and test for the market competition in vietnamese banking sector under panzar rossse approach by an unbalanced panel data of 33 commercial banks for the period from 2004 to 20.

Vietnams banking sector risk score remains in the middle of the b rating band. Measuring banking sector development financial sector development indicators for banking traditional new size access size broad access deposit money bank assets to gdp branch and atm density. This is due to the accelerated liberalization of chinas financial sector that will allow foreign banks to take full control of their operations in china. Vietnams strong gdp growth outlook is the single biggest upside factor for the countrys growing banking sector. The period covered by the mtr is 17 september 20 to 30 june 2016. Second, as highlighted in our jul2016 report unfulfilled potential, we still see. The above data seems to show the effectiveness of the policy tightening credit to the real estate sector.

Pdf banking industrys business results made 2018 another bumper year. Vietnamese banking sector is found to be highconcentration although it is experiencing a decreasing trend. The bad loans of the commercial banking sector need to be addressed in the. The four engines for growth are the stateowned enterprise sector soe, the domestic private sector, the agricultural sector, and the foreign direct investment sector fdi. Wto international trade statistics, 2012, supplemented with secretariat estimates prior to 2000. Since vietnams accession to the world trade organization wto effective 1 january 2007, the government has been pursuing a policy of partial privatisation known in vietnam as equitisation of some of the stateowned banks with a view to opening up and attracting funds to the banking sector. Retail in vietnam navigating the digital retail landscape. Market concentration and competition in vietnamese banking. The year of renewable energy in the philippines michael h. Based on information available at the time of these discussions, the staff report was completed on. Vietnams education law of 2005 since stipulates universal and compulsory education until grade 9, but that objective has of yet not been achieved.

If mortgage loan was included which was classified as. In this 2019 banking report, we aim to provide you with the latest industry updates, along with our local insight and analyses, to help you understand the unique opportunities and challenges that the vietnamese banking system is facing. Financial soundness indicators for financial sector. The staff report prepared by a staff team of the imf for the executive boards consideration on a lapse of time basis, following discussions that ended on june 11, 2014, with the officials of vietnam on economic developments and policies. Country reports and assessments, 202014, mandaluyong city, philippines, 2014. The 20 world bank report, assessment of financing framework for municipal.

The banking outlook for vietnam international banker. The relationship between service quality, customer. The economic renovation policy announced in december 1986 marked the transition from a centrally planned economy to a mixed economy. Date of final report february, 2017 author of final evaluation report charles booth. However, such the data covers only credit to real estate developers.

In 2018, the loantodeposit ratio was estimated at approximately 87. With government revenue and foreignexchange reserves projected to. Technical efficiency of the vietnamese banking sector. Sectors that could threaten the stability of the system such as nonproduction loans including highend real estate, consumer loans and black credit market are to be closely monitored. In this publication, we hope to provide you with an insight into the key aspects of undertaking business and investing in vietnam and answer many of the questions foreign businesses and entrepreneurs have when making their first venture into the vietnamese market.

Myanmars financial sector a challenging environment for. Based on issues we discuss in sections 2 and 3 of this report, we. In this report, we explore the drivers of growth in vietnams retail sector, and take a look at some of the defining features of. Education in vietnam current trends and qualifications. Vietnam is targeting adoption of basel ii standards in the banking sector by 2020. Development finance for sustainable development goals in middleincome viet nam. The fatf has also reached out to the private sector to initiate preliminary discussions regarding the update of the riskbased approach guidance for the money services businesses and. Strengthening banking sector soundness and development. It is part of a larger effort by the world bank group to provide open access to its research and make a contribution to development policy discussions around the world. Based on information available at the time of these discussions, the staff report was completed on april 27, 2012. The crisis revealed major shortcomings in market discipline, regulation, and supervision. Mike has also been active in the philippine mining sector. The vietnamese banking sectors efforts to manage and. The intent of the report is to point out areas within the banking.

Pdf banking industry s business results made 2018 another bumper year. The relationship between service quality, customer satisfaction and customer loyalty. Although strains on banks remain, they appear manageable in 201718. Vietnam has achieved remarkable progress since the start of its transition from a centrally planned economy in the mid1980s.