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The performance of Vietnamese banking system under financial liberalization: Measurement using DEA

The remainder of this paper is organized as follows. Section 2 gives some overview on banking system development under the financial liberalization process in Vietnam. Section 3 reviews the literatures on efficiency/performance measurement in the banking industry. Section 4 explains the methodologies and technical procedures which will be applied in the research. Section 5 shows some empirical results for discussion and Section 6 concludes. | THE PERFORMANCE OF VIETNAMESE BANKING SYSTEM UNDER FINANCIAL LIBERALIZATION: MEASUREMENT USING DEA Dang-Thanh, NGO University of Economics and Business (Vietnam National University, Vietnam) Centre for Banking Studies (Massey University, New Zealand) 25th Australasian Finance & Banking Conference, Sydney, Australia ABSTRACT Using time trend data from 1990 to 2010, the research applied the efficiency measurement and Data Envelopment Analysis approach to evaluate the performance changes of Vietnamese banking system under financial liberalization. The DEA time trend model is a fruitful approach to analyze the banking sector through macro level data while banking level data is unavailable, for example the case of Vietnamese banks before 2000. It showed that this performance is on a decreasing trend (although a slight recover was noticed in 2009-2010) and the banking system in Vietnam is currently running under three-forth of its capacity. One important reason for this decline in performance can be explained by the increasing in the financial openness level of the economy and its banking sector toward regional and global market. JEL Classification: E50, G21, G28 Keywords: performance, banking system, data envelopment analysis, Vietnam 1 Electronic copy available at: http://ssrn.com/abstract=2136150 1. Introduction Since the late 1980s, most centrally planed economies (CPEs) have transited their economies into market oriented ones either under gradual process or shock therapy. Many failed; however, some successes, of which Vietnam “has made substantial progress” toward sustained economic growth and financial stability (Lipworth & Spitaller, 1993, p. iii). The restructuring or modernization of the Vietnamese financial system, along with the reform of state economic management, state-owned enterprises (SOEs) reform, and external economic reform, were later became the financial liberalization (more details are in Section 2). This financial liberalization resulted in .