TAILIEUCHUNG - Doctoral thesis summary: Researching on organizational models and business operations of financial companies in Viet Nam

Research objectives: Overall goal of this thesis is to examine theoretical and empirical foundation for providing recommendations and solutions to improve organizational structure and boost business operation of financial companies owned by groups/corporations in Viet Nam. The research of the thesis are organizational models and business operations of financial companies having capital contribution from large groups/corporations in Viet Nam. | MINISTRY OF EDUCATION AND TRAINING MINISTRY OF PLANING AND INVESTMENT Central Institute for Economic Management NGUYEN THI HUONG LAN RESEARCH ON ORGANIZATIONAL MODELS AND BUSINESS OPERATIONS OF FINANCIAL COMPANIES IN VIET NAM Major Economic Management Code 62 34 04 10 SUMMARY OF DOCTORAL THESIS OF ECONOMICS HANOI - NĂM 2015 Completed at Central Institute for Economic Management Scientific advisor Assoc. Prof. Dr. Le Xuan Ba Examiner 1 . Examiner 2. Examiner 3 . This thesis shall be defended before Institute-level Thesis Examination Council of Central Institute for Economic Management at . on .2015 Can be looked up at libraries of - Central Institute for Economic Management - National Library Hanoi 1 INTRODUCTION 1. Rationale of the thesis Financial companies exist in all developed and developing countries in the world. Though sharing a number of common features models of financial companies in different countries and in different period possess distinguished characteristics. Legal frameworks and actual operation of financial companies form different models of financial companies in different countries. Revisiting the road of 17 year establishment and operation of financial companies in Viet Nam we can say that the biggest contribution of financial companies is that they have been taking part in creating a more dynamically competitive and diversified financial market. However it also can be noted that they are still being hindered by lots of weaknesses and drawbacks. In terms of organizational model a financial company is being governed as a member company of a parent company and at the same time being governed by the State Bank of Viet Nam therefore supervision and control over operations of financial companies as a credit institution are not strictly carried out. In addition the fact that member of management board or member board of corporations or groups sometime are also a member of that boards of financial companies creates a conflict of interest. Financial .

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