The
Prime Minister has approved a project to restructure the credit organization
system in the 2011-2015 period.
Accordingly, Vietnam aims to form 1-2 State-owned
commercial banks which reach regional standards in terms of scale, management,
technology and competitiveness.
The state encourages merging and re-purchasing
credit organizations voluntarily and ensuring the rights of depositors, as well
as responsibility of stakeholders. Special treatment will be applied to
high-risk credit organizations.
Measures to restructure credit organizations
include accelerating the equitisation of State-owned commercial banks,
including the Bank for Agriculture and Rural Development, with the State
holding dominant stakes in commercial banks after equitisation.
Credit organizations will increase their
scales and financial capacity by raising their capital, re-purchasing, merging
and expanding mobilization of capital.
State-owned commercial banks aim to reduce
their bad debt ratio to below 3 per cent, and outstanding loans compared to
mobilized capital ratio to below 90 per cent by 2015.
The State Bank of Vietnam will divide credit
organizations into three groups: healthy, temporarily lacking liquidity, and
weak, to have suitable solutions.
VOV
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment