Banking in Vietnam

• Main Authors: Chew, Poh Yen, Goh, Jong Sing, Toh, Hwee Leng
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::General
• Online Access: http://hdl.handle.net/10356/55502
• Institution: Nanyang Technological University

Vietnam, an isolated land for the past decades, is currently undergoing a series of reforms to open its doors and bring in a new era of changes and challenges. Just like China, another growing “tiger” in the region, Vietnam is now the new area of focus for investors in the Asia-Pacific region. Its economy has been growing substantially for the past years. New trade links, increased foreign investments and more foreign diplomatic ties are now taking place within the country. In the coming years, Vietnam will continue to grow with good prospects for investments, but this is, however, restricted by the existence of the United States trade embargo. Once the embargo is completely lifted, the development of Vietnam towards a conducive business environment for foreign investors will then accelerate.