Vietnam: Selected Issues
July 19, 1999
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This Selected Issues paper analyzes performance of the Vietnamese economy during the 1990s. It reviews recent monetary and banking developments, and provides an assessment of the main problems in the banking sector. The paper highlights that during the late 1990s, Vietnam’s banking sector came under mounting pressure from the slowdown in growth and the weakening financial position of state-owned enterprises. In addition, problems emerged from banks’ large foreign exchange exposure, accumulation of nonperforming loans, weak capital base, and low profitability.
Subject: Balance of payments, Banking, Commercial banks, Economic sectors, Financial institutions, Foreign direct investment, Loans, Public enterprises, Tariffs, Taxes
Keywords: Asia and Pacific, Australia and New Zealand, bank, banking reform, banking system reform, Commercial banks, CR, Eastern Europe, enterprise, FDI inflow, Foreign direct investment, ISCR, Loans, Public enterprises, reform effort, SOE reform, Tariffs, Vietnam
Pages:
72
Volume:
1999
DOI:
Issue:
055
Series:
Country Report No. 1999/055
Stock No:
1VNMEA0011999
ISBN:
9781451840155
ISSN:
1934-7685
