Credit risk management fundamentals

Credit risk management fundamentals 1

Local banks can take some fundamental steps to address Vietnam’s pressing non performing loan situation, writes Steve Punch, Financial Services director at KPMG in Vietnam.
Big safety net for depositors

Big safety net for depositors

The National Assembly Standing Committee’s fourth meeting which wrapped up yesterday dug into several draft laws and laws, including the Law on Deposit Insurance to be high on the agenda in the upcoming 13th National Assembly third session starting May 2012.
Code labours to strike right balance

Code labours to strike right balance

Proposed amendments to the Labour Code have been the source of hot debate between firms and state administrators. Co-Chair of the Vietnam Business Forum’s Manufacturing & Distribution Working Group Fred Burke argues it will be one of the most important laws Vietnam adopts this decade and will have a major say on the nation’s future prosperity.
Banks think big despite hiccups

Banks think big despite hiccups

Big banks are weighting up high profit targets for 2011 despite current economic vulnerabilities.
Macroeconomic disequilibrium and possible future directions

Macroeconomic disequilibrium and possible future directions 1

After a decade of high annual growth until 2007, Vietnam has experienced a slowdown since 2008 with the onset of the global economic crisis, when its gross domestic product (GDP) growth fell to 6.2 per cent and then further to 5.2 per cent in 2009.