Bussiness Development Of Foreign Bank In Vietnam

Vietnam is considered a developing country in the Asian region,but after accession to the WTO,the Vietnamese government has rapidly reformed its financial banking system and has relaxed its policy towards foreign banks..In the 90s Vietnam has just appeared two types of foreign banks that are bank branches and joint venture,from 2008 to 2010 the number of foreign banks gradually into Vietnam on the 1st increase,the number of types The business image,scale and scope of the business has been expanded,leading to the attraction of foreign businesses and investors in the Vietnamese market.According to the statistics of 2016,foreign banks have been present in almost all provinces and cities in Vietnam,which further enriches the banking and financial system of Vietnam,thus enhancing the bank's competitiveness.Internal and forced them to change the finishing business,this brings more benefits to customers,so foreign banks in Vietnam has become an indispensable part of the financial sector of Vietnam.Up to now,foreign banks have had a relatively stable position in the Vietnamese market.The business environment has been increasingly favorable,penetrating deeply into the Vietnamese financial market and contributing a great part.On the development of the Vietnamese economy.In conclusion,theory research method is applied this document to analyze and study about approaching methods,forms,development scale,history and profit of foreign banks in VN.