Banking, transition and financial reforms: a long-term analysis of Vietnam

Alessandra Ferrari () and Vo Huyen Trang Tran ()
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Alessandra Ferrari: University of Loughborough
Vo Huyen Trang Tran: University of Loughborough

Journal of Banking Regulation, 2021, vol. 22, issue 1, No 1, 10 pages

Abstract: Abstract We analyse the effectiveness of financial reforms in the transition economy of Vietnam, from the early years until the present day. Our focus is on the changes and the determinants of banks cost efficiency, which was widely criticised and was the focus of the reforms package. We find that regulatory changes impact favourably the development of the sector. Technological and efficiency improvements characterise the period of analysis, helped by better capitalisation and increased diversification. Any technological spillovers from foreign banks are quickly transferred to the domestic market, and larger domestic banks rapidly become the best performing institutions, in support of the more recent liberalisation and privatisation policies.

Keywords: Financial reforms; Transition economies; Vietnam banking sector; Banks efficiency; Stochastic frontier (search for similar items in EconPapers)
JEL-codes: C49 D24 G21 G28 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1057/s41261-020-00123-3

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