News & Events
Credit institution system to be restructured
The Vietnamese system of credit institutions will be comprehensively restructured in order to develop commercial banks up to regional standards.
This is pursuant to the Prime Minister’s Decision No.254/QĐ-TTg on Restructuring the credit institution system in 2011 - 2015.
The project aims to build one or two of Vietnam’s commercial banks up to regional standards of scale and competitiveness by 2015.
Focus will be on improving the role of State-owned commercial banks, accelerating the equitisation of State-owned commercial banks and reducing the bad debt ratio to less than 3%.
Credit institutions will be categorised as healthy, temporarily lacking liquidity or weak, and the State Bank will devise appropriate restructuring measures.
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