Non-performing loans (NPLs) continue to be a challenge for Vietnam’s banking sector following the banking crunch of 2012. The government and the State Bank of Vietnam (SBV) have made the issue a priority. A key step was the creation of the Vietnam Asset Management Company (VAMC) in 2012. NPLs built up thanks largely to poor lending practices...
Among the world’s most impressive emerging market success stories of the past three decades, Vietnam has been achieving high growth rates, encouraging a huge reduction in poverty and attracting billions of dollars of foreign investment. What was, until relatively recently, considered a comparatively poor country by regional standards – with an...
Vietnam’s economic success over the past three decades has been built in no small part on its openness to international trade and investment. It is now among the world’s most open economies, according to the IMF – in the last 15 years alone, its share of world trade has quintupled, with combined imports and exports now equal to around 160-170...
The EU is one of Vietnam’s biggest trading partners, accounting for nearly a one-fifth of the country’s exports. Hanoi established diplomatic and commercial relations with the bloc in 1990, not long after the beginning of the Doi Moi economic and political reforms. This was followed by a cooperation agreement in 1995 which gave Vietnam...
For the second time in its history, Vietnam is set to host the APEC summit and related activities in 2017. Focusing on the overarching theme of “Creating New Dynamism, Fostering a Shared Future”, the summit will gather economic leaders of 21 APEC members to discuss the future of free trade, new drivers for economic growth and the role of APEC...
After years of strong economic growth and surging foreign direct investment, Vietnam today is emerging as a key middle-income country in the Southeast Asian political and economic sphere. A nation of ancient traditions, with a youthful and energetic population, the Socialist Republic is also moving through a period of additional economic...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×