Journal of Finance and Accounting
Volume 5, Issue 6, November 2017, Pages: 219-228
Received: Oct. 30, 2017;
Accepted: Nov. 10, 2017;
Published: Dec. 23, 2017
Views 1969 Downloads 97
Ngoc Nguyen, General Planning Department, Urban Infrastructure Development Investment Corporation, Hanoi, Vietnam
Naser Ibrahim Abumustafa, Department of Management Sciences & Finance, Al-Zahra College for Women, Muscat, Oman
This article examine whether Vietnam will be able to follow the reconstruction model developed by the Thai and South Korean banking industries in 1997, based on present-day Vietnam’s similarity with those two countries in 1997. Our paper also attempts to test the efficiency of the Vietnamese Asset Management Corporation [VAMC] in the banking industry restructuring process. The article use a quantitative model to test effects of the VAMC on Vietnam’s banking industry, and apply a DEA model to test the efficiency of the VAMC. The results contribute to the process of restructuring the banking industry in Vietnam, it also provide guidelines based on mathematical analysis for potential changes and improvements to both the banking industry and the bank regulatory structure in Vietnam.
Naser Ibrahim Abumustafa,
Restructuring an Emerging Market Banking Sector: The Case of Vietnam, Journal of Finance and Accounting.
Vol. 5, No. 6,
2017, pp. 219-228.
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/
) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Batunanggar, S. 2002. Indonesia’s Banking Crisis Resolution: Lessons and the Way Forward. London: Centre for Central Banking Studies, Bank of England.
Charnes, A., W. W. Cooper, and E. Rhodes. 1978. "Measuring the Efficiency of Decision Making Units." European Journal of Operational Research 2 : 429–444. doi: 10.1016/0377-221790138-8.
Corsetti, G., P. Pesenti, and N. Roubini. 1999. "What Caused the Asian Currency and Financial Crisis?" Japan and the World Economy 11 : 305–373. doi: 10.1016/s0922-142500019-5.
Denizer, C. A., M. Dinc, and M. Tarimcilar. 2000. Measuring Banking Efficiency in the Pre- and Post-Liberalization Environment: Evidence from the Turkish Banking System. Policy Research Working Paper Series 2476, The World Bank.
Farrell, M. J. 1957. "The Measurement of Productive Efficiency." Journal of the Royal Statistical Society. Series A [General] 120 (3): 253–281. doi: 10.2307/2343100.
Federal Reserve Bank of St. Louis [StLouisFed]. 2011. "Low Interest Rates Have Benefits And... Costs. Stlouisfed Publications." Retrieved April 2014. https://www.stlouisfed.org/publications/itv/articles/?id=2082.
Honohan, P., and D. Klingebiel. 2000. Controlling the Fiscal Costs of Banking Crises. Policy Research Working Paper Series 2441, the World Bank.
Jansen, K. 2001. "Thailand, Financial Crisis and Monetary Policy." Journal of the Asia Pacific Economy 6 : 124–152. doi: 10.1080/13547860020024567.
Kawalec, S. 2002. "Different Models of Bad Debt Restructuring: Remark Based on Experiences with Bad Debt Problems in Developed Economies and Central European Transition Economies." In International Seminar on Comparative Experiences in Comforting Banking Sector Problems in Central/ Eastern Europe and Central Asia. Warsaw, Poland.
Kihwan, K. 2006. The 1997-98 Korean Financial Crisis: Causes, Policy Response, and Lessons. Singapore: The International Monetary Fund.
Kim, K. 2000. The 1997 Financial Crisis and Governance: The Case of South Korea. The Helen Kellogg Institute for International Studies, University of Notre Dame.
Kvint, V. L. 2004. The Global Emerging Market in Transition: Articles, Forecasts, and Studies, 1973-2003. New York: Fordham University Press.
Ngo, D.-T. 2010. Evaluating Vietnamese Commercial Banks Using Data Envelopment Analysis Approach [Vietnamese]. Hanoi: Vietnam National University working papers.
Ngo, D.-T. 2012. The Performance of Vietnamese Banking System under Financial Liberalization: Measurement Using DEA. Hanoi: Vietnam National University working papers.
Nguyen, C. M., and D. Nguyen. 2012. "Vietnam Schedule to Restructure Credit Institutions for the 2011-2015 Period." Research Paper for Mayer Brown JSM Vietnam Limited. Retrieved December 2013. http://www.martindale.com/banking-financial-services/article_Mayer-Brown-JSM-Vietnam-Limited_1501718.htm.
The Economist. 2008. "Building Brics of Growth. Economist Focus. “The Economist. Retrieved November 2013. http://www.economist.com/node/11488749.
Tran, J. H. 2010. Against the Conventional Wisdom: The State- Owned Banks of Vietnam. San Francisco, Calif.: Golden Gate University.
Vercueil, J. 2012. Les pays émergents. Brésil - Russie - Inde - Chine... mutations économiques et nouveaux defies. [Emerging Countries. Brazil - Russia - India - China.. Economic Change and New Challenges, in French]. 3rd ed. Paris: Bréal.
World Bank. 2010. "World Bank List and Definition of Emerging Markets." USDA. Gov. 2013. http://www.fas.usda.gov/mos/em-markets/World%20Bank.pdf.
Yonhap News Agency. 2008. "KAMCO to Tap U.S. Debt Markets." Yonhap News. Retrieved Nov 2013. http://english.yonhapnews.co.kr/business/2008/01/27/73/0503000000AEN20080127002100320F.HTML.