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Bank Industry Overview: Vietnam Jan 06
Standard & Poors, Jan 2006
Abstract
Vietnam's banking sector is weak by global standards, and its industry risk is very high. Key risks include the country's nascent capital markets, the banking industry's weak capitalization, underdeveloped credit risk management systems, and information risk. The gradual adoption of internationally accepted accounting principles will be crucial to improve transparency in the banking system. A considerable degree of stability, given the state's domination over the banking system via control of about 80% of banking system assets through the four major state-owned banks. Nevertheless, the market share of joint-stock commercial banks (JSBs) is increasing, following the consolidation among JSBs, which resulted in stronger performances of some JSBs. Government support for the system, as demonstrated by the capital infusion of Vietnamese dong...
Companies mentioned in this report are: Bank for Foreign Trade of Vietnam,Socialist Republic of Vietnam
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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