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Periodic Essay
Banking reform in Vietnam
Vietnams banking sector is expected to have one of the highest growth rates in Asia during the next few years due to the countrys continued economic expansion, rising household incomes, and relatively low penetration of existing banking services. Over the past two decades, the Vietnamese government has undertaken a series of reforms to strengthen and modernize the sector as part of the countrys move towards a more open and marketoriented economy. Many of these reforms have also been motivated by Vietnams growing participation in international agreements and ongoing efforts to adopt ...
Periodic Essay
Vietnams banking sector
Each year, the President of the Federal Reserve Bank of San Francisco (FRBSF) travels on a fact-finding trip to Asia. These trips advance two of the Banks broad objectives: serving as a repository of expertise on economic, banking, and financial issues relating to the Pacific Rim and building ties with policymakers and economic officials there. The knowledge gained and the contacts developed during these trips provide valuable input to understanding trends affecting the Twelfth District, carrying out responsibilities in banking supervision, and conducting monetary policy and promoting the ...