Periodic Essay

Vietnams banking sector


Abstract: 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 stability of financial markets. This Asia Focus is based on President Janet Yellens observations of developments in the Vietnamese banking sector made during her visit to the country in November 2007. This trip represents the first time Federal Reserve officials have visited Vietnam since normalization of bilateral relations in 1995.

Keywords: Banks and banking - Vietnam;

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Provider: Federal Reserve Bank of San Francisco

Part of Series: Asia Focus

Publication Date: 2008

Issue: Feb