Bank liquidity improving, says ministry

Higher liquidity in the nation's banking system has helped lower systemic risks, according to a Ministry of Planning and Investment report on restructuring of the financial industry submitted to the National Assembly.

"The State Bank of Viet Nam has basically put weaker commercial banks under control, and the liquidity of these banks has improved significantly," the report said.

Out of nine commercial banks which have been targeted for restructuring, three have been merged, and restructuring plans have been approved for Tien Phong Bank and Ha Noi Housing Commercial Bank(Habubank). The State Bank of Viet Nam has urged the four remaining banks on the list to move quickly to complete their plans.

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