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 VIETNAM What role do foreign partners play in Vietnamese banks

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PostSubject: VIETNAM What role do foreign partners play in Vietnamese banks   Mon May 14, 2012 8:39 pm

What role do foreign partners play in Vietnamese banks

It seems that HSBC has, to some extent, succeeded with its role as the strategic partner in Techcombank. However, analysts have commented that HSBC only gets involved in some segment of operation of Techcombank such as risk management, product development and finance administration. Meanwhile, the most important business strategies have been decided by a few influential persons in the board of directors.

The difference in the management model followed by Vietnamese and foreign banks has hindered foreign partners to play their roles in domestic banks. This usually happens with the household-run joint stock banks.

The representatives of foreign banks can hardly make deep interventions into the credit relations of the private owners of domestic banks. The only choice for foreign banks to be able to make intervention is that foreign banks get involved in the operation of the banks.

However, in order to do that, they need to be the biggest shareholders of the banks, the things which remain impossible for now, because foreigners are not allowed to hold more than 20 percent of stakes in a Vietnamese bank.

Dominic Scriven, General Director of Dragon Capital, an investment fund management company, said at a recent workshop held in Hanoi in April 2012 that there exists the difference in the definition about the role of the members of board of directors and the confusion in the works of administration and operation. Therefore, he, who was once a member of the board of directors of a Vietnamese bank, was left out in the process of drawing business strategies of the bank.


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VIETNAM What role do foreign partners play in Vietnamese banks
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