Abstracts » Business, international

The fog is starting to thin

Article Abstract:

Vietnam's banking system has become more transparent as the nation starts to adopt reforms to inspire confidence in local banks. The Vietnam Bank for Agriculture was the first state-owned institution to be independently audited. Another state commercial bank, the Industrial & Commercial Bank of Vietnam, will perform its second independent audit. Other efforts at boosting public confidence in the system include stricter oversight of joint-stock banks, detailing of rules for recognizing bad debts and disclosure of the results of independent audits.

Accounting and auditing, Bank examinations

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Spartan image of VID Public Bank belies its top role in Vietnam's financial arena

Article Abstract:

VID Public Bank has established a broad customer base in Vietnam by means of local knowledge and low overhead costs. Despite uncertainty in the banking industry, the bank gained a pretax profit of $2.6 million in 1995. Its low fees, cheap rent and low staff costs enable it to serve both foreign firms and small local businesses. The bank is a joint venture between Malaysia's Public Bank Bhd. and the Bank for Investment and Development of Vietnam.

VID Public Bank

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Japan's authorities must end their denial fast and come to grips with their bank's bad-loan crisis

Article Abstract:

Japanese regulators and bank officials should institute sweeping reforms if the financial industry is to be saved. These would include easing economic consternation, wise investment of public funds and closure of bad banks, al loans to be pooled for better manageability, deregulation, setting of stricter supervisory rules and banks' adoption of a strategic plan that would reduce cost and improve service.

Interpretation and construction, Japan, Column

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