Accordingly, Việt Nam sets the target to form 1-2 State-owned commercial banks of regional standards in terms of scale, management, technology and competitiveness.

The state encourages merging and re-purchasing credit organizations voluntarily and ensuring the rights of depositors, as well as responsibility of stakeholders. Special treatment will be applied to high-risk credit organizations.

Measures to restructure credit organizations include accelerating the equitization of State-owned commercial banks, including the Bank for Agriculture and Rural Development, with the State holding dominant stakes in commercial banks after equitization.

Credit organizations will increase their scales and financial capacity by raising their capital, re-purchasing, merging and expanding mobilization of capital.

Bad debt ratio of State-owned commercial banks will be kept under 3%, and their outstanding loans compared to mobilized capital ratio below 90% by 2015.

The State Bank of Việt Nam will divide credit organizations into three groups: healthy, temporarily lacking liquidity, and weak, to have suitable solutions.

By Quang Minh