Prudential Supervision, Banking and Economic Progress: Implementation of Risk Management Procedures in Joint Stock Banks in Vietnam

18 Pages Posted: 31 Aug 2009

See all articles by Gary Stockport

Gary Stockport

affiliation not provided to SSRN

Chris Perryer

affiliation not provided to SSRN

Michael Keane

affiliation not provided to SSRN

William J. Ardrey

The University of Western Australia; Innovation in Ophthalmology; Nova Systems; Day Surgery Lasersight Sunshine Coast; ION; F Chen Assoc; Immunology and Oncology; Hawaii Biotech Inc; Opto Global Holdings; Silicon V Pharma; Adelaide Uni MBA Program; Solbec Pharmaceuticals; Incubators@Work Singapore Technologies; Resigned Phoenix Eagle Scientific Advisory Board; Queensland Eye Hospital; Pentrys Vaccines/Revisys Nutriceuticals; CLVR Customvis PLC; Retmed Regenera Ltd AOS

Date Written: August 28, 2009

Abstract

Classical economic theory suggests that for economic development, a nation needs people, resources and capital. In populous and resource-rich Southeast Asia, capital for investment is the critical ingredient for the transition of underdeveloped nations to more prosperous states. Sound prudential supervision, combining credit, market and operational risk management best practices, can collectively provide adequate levels of investment to sustain rapid economic growth, to improve living standards, and to begin tackling major systemic, infrastructure and environmental challenge. However, in Southeast Asian Transition Economies (SEATE’s), especially Vietnam, these nations remain dependent on foreign capital because reforms of the state-dominated banking system have further to go. This study, undertaken in Vietnam in the 2001-08 period, takes a three step process of reviewing Vietnamese legislation and local best practices at privately held “Joint Stock Banks”, comparisons to best practices such as those promulgated by the Bank for International Settlements and in leading banking journals, followed by a data collection effort involving semi-structured interviews from 28 joint stock bank senior managers in Vietnam from 15 joint stock banking institutions.

Keywords: Prudential Supervision, Risk Management, Emerging Markets, Banking

JEL Classification: E44, G21

Suggested Citation

Stockport, Gary and Perryer, Chris and Keane, Michael and Ardrey, William James, Prudential Supervision, Banking and Economic Progress: Implementation of Risk Management Procedures in Joint Stock Banks in Vietnam (August 28, 2009). 22nd Australasian Finance and Banking Conference 2009. Available at SSRN: https://ssrn.com/abstract=1463168 or http://dx.doi.org/10.2139/ssrn.1463168

Gary Stockport

affiliation not provided to SSRN ( email )

Chris Perryer

affiliation not provided to SSRN ( email )

Michael Keane

affiliation not provided to SSRN ( email )

William James Ardrey (Contact Author)

The University of Western Australia ( email )

35 Stirling Highway
Crawley, Western Australia 6009
Australia
61893869679 (Phone)
61864881072 (Fax)

HOME PAGE: http://www.uwa.edu.au

Innovation in Ophthalmology ( email )

Canberra, Australian Capital Territory 2601
Australia

Nova Systems ( email )

27-31 London Road
Adelaide, 5031
Australia

Day Surgery Lasersight Sunshine Coast ( email )

Australia

ION ( email )

Melbourne
Melbourne
Australia

F Chen Assoc ( email )

Seattle, WA
United States

Immunology and Oncology ( email )

Ave of the Stars
Los Angeles, CA 90217
United States

Hawaii Biotech Inc ( email )

99-193 Aiea Heights Drive, Suite 200
Aiea, HI 96701
United States

Opto Global Holdings ( email )

10 Myer Court
Beverley
Adelaide, South Australia 5009
Australia

Silicon V Pharma ( email )

Winston Salem, NC
United States

Adelaide Uni MBA Program ( email )

Adelaide
Australia

Solbec Pharmaceuticals ( email )

PO Box 400
Crows Nest
Perth, 1585
Australia

Incubators@Work Singapore Technologies ( email )

Singapore

Resigned Phoenix Eagle Scientific Advisory Board ( email )

PO Box 502
Hillarys, 6025
Australia

Queensland Eye Hospital ( email )

Brisbane
Australia

Pentrys Vaccines/Revisys Nutriceuticals ( email )

Los Angeles, CA
United States

CLVR Customvis PLC ( email )

Unit 5/15 Walters Drive
Osborne Park, 6017
Australia

Retmed Regenera Ltd AOS ( email )

Perth, 6000
Australia

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