Vietnamplus

A project to improve early warning and risk management capacity for Vietnam's financial sector was launched at a ceremony held by the National Financial Supervisory Commission (NFSC) and the Korea International Cooperation Agency (KOICA) in Vietnam on June 15 in the northern province of Quang Ninh.

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.