Banks required to assess environmental, social goals in Vietnam

November 25, 2019 VOA

FILE - A woman stands in front of a branch of Ocean Bank located at the Petro Vietnam's building in Hanoi, Vietnam September 1, 2017. (REUTERS/Kham)
FILE – A woman stands in front of a branch of Ocean Bank located at the Petro Vietnam’s building in Hanoi, Vietnam September 1, 2017. (REUTERS/Kham)

Listen to this article in VOA Special English 

For several years, the worldwide financial crisis that began in 2008 had little effect on Vietnam’s banks. That is not because its banks were stronger than the U.S banks that created the crisis. It was mostly because of the country’s lack of international trade.

But today, Vietnam does much more trade around the world. And the government is taking steps to make sure its banks can deal with a financial shock.

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