The announcement was made by Governor of the State Bank of Vietnam (SBV) Le Duc Thuy at a press briefing in Hanoi on January 5 to review the activities of the banking sector in 2005 and set tasks for 2006.

In 2005, the banking sector made great efforts in implementing its policies, actively meeting the capital demand by improving credit quality, controlling high-risk assets and quickly solving difficulties in credit activities.

In addition, the sector continued restructuring commercial banks to enhance the financial management of the banking system in the country, modernise its banking and liquidation systems, expand non-cash liquidation activities and actively engage in international economic integration.