Book - Restructuring Financial Systems in Vietnam, North-Eastern Islands

Issuing company Tan Viet
Author Le Trung Thanh
Year XB 2017
Dimensions 16x24 cm
Page number 260
Form Paperback
Vietnamese language

Product Description:
((i) Investment Reconstructuring, focus is public investment;
((ii) Reconstructing state businesses, the focus is corporations, total companies;
(iii) Reconstructing the financial system, the focus is credit organizations (TCTD).
Among the above three focuses, financial system restructuring is determined to be very difficult, because problems exist, limited to both commercial banks and State budget area has extended. Restructing both areas is extremely sensitive, the effect of coordinating all three basic tasks of economic reconstructuring includes: (i) Stabilize Economy; (ii) Economic reformations; (ii) Reform state - market to facilitate business; and (iii) Modernize economic structure.
Overcoming those difficulties, financial system restructure results in the early stages are very encouraged. Weak Joint Stock TCTD, at risk of breakage has been strictly supervised and re-arranged, deployed and processed bad debt, healthy to transform the property balance table, ensuring safety. Whole system. The financial market is stable, safe, and the account is guaranteed. By the end of December/2015, the system of TCTDs reaches a 13% capital safety rate (minimum level according to regulations is 9%) and fully meets the rates of payment and The rate of short-term capital sources for medium, long-term loans according to the law regulations. Financial market scale, including stock market that retains growth momentum. Ceremony, discipline in the currency market and in the field of banks are enhanced, improving the level of health and safety of the business environment. The system of TCTDs has both recycling and ensuring continued growth to support economy. The average interest rate for loans is reduced by 17.9% in 2011 to 9.08% in 2015, thereby improving credit growth. In the context of fluctuating interest rates quite strongly, the total fluctuations from the economy of the system increased by TCTD show that their trust in the bank system has improved.
However, financial system restructuring has many limitations such as changes in financial market structure that take place slowly, mobilizing and distributing central investment capital and Long-term rely on the NHTM system, while the participation of non-bank limitations is relatively limited. The security market scale, although it has grown rapidly, has not yet become the most important and long-term capital channel for the business area. The markets are not fully developed, especially without reputable units. In addition, many weaknesses are systematical and long-term of those who have not been basically solved, especially the problem of bad debt, cross-possessing and bank management. Ro; has not completely processed some NHTMs operating very weakly, showing signs of discrimination. Therefore, the risk of the whole system and the risk of each TCTD is still gr