Vietnam pushes bank consolidation to aid risk management

Control measures

Ho Chi Minh City, Vietnam

While economies in Europe and North America have been shrinking since 2008, Vietnam’s has boomed – keeping a steady 8%-plus rate of annual expansion, according to the country’s General Statistics Office. High GDP growth went hand-in-hand with a rapid expansion of the banking system: some joint stock banks experienced year-on-year loan growth of up to 100%, according to Karolyn Seet, Singapore-based analyst at rating agency Moody’s Investors Service.

Broader credit growth was similarly turbo

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: