Vietnam Banking Corporate Governance

Vietnam Banking Corporate Governance: As a result of the imminent WTO accession and the obligations arising from

bilateral trade agreements, the government of Vietnam has realized the

compelling need to reform the economy. Vietnam has committed to move

to a market-based economy and to create a level playing field for all participants,

whether state-owned or private, domestic or foreign. A goal is also set

to equitise all the remaining state-owned companies which are not defined

as strategic industries until 2010. Companies from all sectors are obliged to

strengthen their competitiveness in order to survive on the domestic business

arena and overseas markets. Such a goal will be difficult to achieve without

the introduction and implementation of good governance practices

The culture of Vietnam is one of the oldest in the Southeast Asia region.

The early influences of the Austro-Pacific culture before 111 BC are

evidenced by the multiculturalism of the Vietnamese people. The matriarchal

family structure is widespread in the North East and Northern Delta

region of Vietnam (Weggel, 1992). This is where the culture of Vietnam

originated in the very early time. Hence, the position of women in the

matriarchal society of Vietnam is stronger than in neighbouring countries

(Weggel, 1992).

Although Vietnam lies geographically

The culture of Vietnam is one of the oldest in the Southeast Asia region.

The early influences of the Austro-Pacific culture before 111 BC are

evidenced by the multiculturalism of the Vietnamese people. The matriarchal

family structure is widespread in the North East and Northern Delta

region of Vietnam (Weggel, 1992). This is where the culture of Vietnam

originated in the very early time. Hence, the position of women in the

matriarchal society of Vietnam is stronger than in neighbouring countries

(Weggel, 1992).

Although Vietnam lies geographically

The culture