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Robust economic growth, the easing of restrictions on foreign bank ownership and increasing technological sophistication have added to the dynamism of the Vietnamese banking sector in recent years, as the industry puts the mini-crisis of 2012 behind it. Recent years have been characterised by substantial credit growth, as well as ongoing measures to address bad debt. Banking penetration is...

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 economy previously weakened by decades of war – is...

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% of GDP. Along with its location, Vietnam’s...

Stretching across the heart of South-east Asia, the Socialist Republic of Vietnam has risen to become one of the region’s greatest success stories, after witnessing a remarkable post-war economic recovery. The nation’s vast coastline, rolling highlands, dense jungle and abundance of natural resources have helped to bolster its rapid industrial development, while ongoing economic liberalisation...