DISSERTATION Of the University of St. Gallen, Graduate School of Business Administration, Economics, Law and Social Sciences (HSG) to obtain the title of Doctor Oeconomiae
submitted by
Bao Toan Tran from St. Gallen
Approved on the application of Prof. Dr. Martin Hilb and Prof. Dr. Rudolf Grünig
Dissertation no. 3412 Hoa Sen Design - Saigon, 2008
Analysis of the Vietnamese Banking Sector with special reference to Corporate Governance
DISSERTATION Of the University of St. Gallen, Graduate School of Business Administration, Economics, Law and Social Sciences (HSG) to obtain the title of Doctor Oeconomiae
submitted by
Bao Toan Tran from St. Gallen
Approved on the application of Prof. Dr. Martin Hilb and Prof. Dr. Rudolf Grünig
Dissertation no. 3412 Hoa Sen Design, Saigon 2008
The University of St. Gallen, Graduate School of Business Administration, Economics, Law and Social Sciences (HSG) hereby consents to the printing of the present dissertation, without hereby expressing any opinion on the views herein expressed.
St. Gallen, October 15, 2007
The President: Prof. Ernst Mohr, PhD
I
ACKNOWLEDGEMENTS
“A journey of ten thousand miles begins with a single step”, according to a Chinese saying. I took this first step on a long journey across time and space some years ago with the decision to start my doctoral studies. The doctoral thesis brought me back to my homeland, where I had the chance to get to know many people from business and from the government and to study my country from an interesting point of view – that of Corporate Governance. Now, close to my target, and while looking back, I have to say that the last journey of my official study has been really exciting, instructive but strenuous. Without encouragement and support from several people, I would never have reached this point. Above all, I would like to thank my