Vietnamese government orders tougher capital ratios for banks
Banking modernisation plan pledges increased central bank independence but is short on details
Vietnam’s government has unveiled a strategy to enhance the central bank’s independence and to boost the country’s banking sector.
The plan also pledged changes to Vietnam’s monetary policy framework and its foreign exchange regime. But the published plan is short of detail on such matters as how the independence of the central bank will be increased.
It was published by the government with the prime minister’s endorsement on August 8, and an English translation document was released on
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