Vietnam: Technical Assistance Report-Financial Soundness Indicators Mission (April 3–7, 2023)
Technical Assistance Reports, November 1, 2024
Source details
- Canonical URL
- Vietnam: Technical Assistance Report-Financial Soundness Indicators Mission (April 3–7, 2023)
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Bibliographic details
- Published: November 1, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400290596.019
Mission objectives and activities
- Objective: Enhance the compilation and reporting of financial soundness indicators (FSIs) for deposit takers (DTs) in Vietnam.
- Collaborators: Officials of the Macroprudential Supervision Department (MSD) of the State Bank of Vietnam (SBV/CBS).
- Mission activities:
- Reviewed source data used for FSI compilation.
- Prepared new spreadsheets to support FSI compilation.
- Implemented updated FSIs report forms in line with the 2019 FSIs Compilation Guide.
- Discussed potential for compiling FSIs for the rapidly growing insurance sector in Vietnam.
Key findings and outcomes
- The mission established updated compilation tools and report forms consistent with the 2019 FSIs Compilation Guide.
- With these improvements, the SBV will be able to produce updated and improved FSIs for financial sector surveillance.
- The mission identified the insurance sector as a candidate for future FSI compilation given its rapid growth.
Policy implications and recommended next steps
- Continue implementing the updated FSIs report forms across deposit takers to ensure consistent reporting.
- Institutionalize the new spreadsheets and source-data review procedures within MSD to sustain ongoing FSI production.
- Assess feasibility and data sources for compiling FSIs for insurance companies and insurance corporations to expand financial sector coverage.
- Leverage the improved FSIs for enhanced financial sector surveillance and policymaking by the SBV.
Relevant technical references and subjects (as listed)
- 2019 FSIs Compilation Guide
- E. FSIs compilation framework
- G. FSIs data
- Financial Soundness Indicators; FSIs Guide
- Commercial banks; deposit takers; bank Supervisory Agency; Vietnam development bank
- Financial statements; Income; National accounts; Public financial management (PFM)
- Insurance companies; insurance corporations.
- IMF's Statistics Department
Publication metadata (selected)
- Publication date on landing page: November 1, 2024
- Mission dates: April 3–7, 2023
- Pages: 27
- Volume: 2024
- Issue: 092
- Series: Technical Assistance Report No. 2024/092
- DOI: https://doi.org/10.5089/9798400290596.019
- Stock No: TAREA2024092
- ISBN: 9798400290596
- ISSN: 3005-4575
International Monetary Fund. "Vietnam: Technical Assistance Report-Financial Soundness Indicators Mission (April 3–7, 2023)".
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