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Vietnam’s great banking clean-up is only the beginning
['Danny Duong']
Asia Times
Vietnamese banks started deleting more than 86 million bank accounts last September.
How does a banking system end up with 86 million accounts nobody can put a face to?
Ironically, those 86 million accounts are a product of the market’s success.
We see Vietnamese banks working towards the same position, often on a much larger scale.
The clean-up of 86 million accounts dealt with the past.