This first post is about why i chose this topic.
If we go back to 5 years ago, there were only 5 or 6 large banks run by the government, their branches only located in big cities and towns. Now, there are dozens of them contiguous. My nearly 700 meters long street has 9 branches of 9 different banks. According to National Bank of Vietnam, there is currently 61 banks in total of four types: Governmental, Commercial, Joint venture, branch of Foreign Bank in VN, and 100%-foreign-investment in VN. (List of Banks in VN, you can google translate, sorry I couldnot find the English vers)
I therefore have a lot of questions: Why there are so many banks, and so many branches with so high density? How can they make profit while so many fishes in the pond? What has the Central Bank been doing to control?and so forth.
In the latter weeks, I am about to solve this questions in my point of view.
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