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Bank Industry Risk Analysis: Socialist Republic of Vietnam Feb 05
Standard & Poors, Feb 2005
Abstract
The banking sector in Vietnam remains weak from a global perspective. Domestic banks are increasingly challenged to operate in a more competitive market, which in turn is likely to heighten industry risk. There has been some progress in terms of the sector's restructuring efforts, including deregulating the interest rate regime, and implementing restructuring plans for its state-owned commercial banks. Nevertheless, the banking sector remains characterized by poor asset quality, low capitalization, and weak profitability, while regulatory supervision is developing slowly. The key risks to Vietnam's banking sector include: Poor financial disclosure with a lack of reporting transparency. The susceptibility of state-owned banks, which dominate the sector, to be used for public policy purposes, with much lending made on less than...
Companies mentioned in this report are: Industrial and Commercial Bank of Vietnam,Vietnam Bank for Agriculture and Rural Development,Bank for Investment and Development of Vietnam,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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