Basel II implementation in Vietnam by 2015 remains challenging
While the Vietnam regulator is consulting on setting up an asset management company to take on NPLs to help clean up domestic banks' balance sheets, slow progress is being made towards Basel II
Vietnam's bid to implement Basel II by 2015 will be difficult, given the banking sector's inadequate credit risk framework and large amounts non-performing loans (NPLs), which remains the regulator's largest and most challenging priority, according to the chief executive of a bank in the country.
Vietnam is not a member of the Basel Committee on Banking Supervision and is hence not bound by the implementation timeline for Basel II. Although the State Bank of Vietnam (SBV) set a 2015 deadline for
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