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Bank Industry Overview: Vietnam Nov 02
Standard & Poors, Nov 2002
Abstract
The Vietnamese banking sector remains weak from a global credit perspective, and in their current form the domestic banks will be increasingly challenged to operate in an increasingly competitive market, which, in turn, is likely to heighten industry risk. In particular, information risk is high. The provision of relevant, reliable, and detailed financial information would be a modest first step toward improving the banking system, focusing particularly on asset quality, liquidity management, funding terms and maturities, and risk concentrations. Such information has traditionally been unavailable to external stakeholders. The sector has a number of weaknesses: Financial disclosure is poor and there is a lack of transparency. State-owned banks, which dominate the sector, have been and are being used for public...
Companies mentioned in this report are: 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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