A healthy banking system will be formed and be able to operate well amidst fierce competitions and global market complications, according to State bank governor Nguyen Van Binh.
Restructuring the banking system needs advice from domestic and foreign financial and banking experts.
Difficulties facing Vietnam’s banking system are not caused by joining the World Trade Organization (WTO), but by weaknesses and shortcomings in management, says Truong Dinh Tuyen, former Minister of Trade.
Restructuring commercial banks is an urgent task for the country’s banking system. However, it must be considered very carefully to avoid a shock to the economy.