Bankers in Vietnam are going from marble and plate glass to bars.  One banking tycoon is jaiined for tax evasion and illegal lending.

Stae-owned banks have made risky oans to state-owned enterprises.  Banks are often poorly managed and there is no oversight.  It is said that bankers take loans for bribes.

Moody’s estimated that 15% of al loans and investments made by Vietnam’s banks were “problem assets.”  Vietnam’s central bank reported 4.7%.

Eugene Tarzimanow of Moody’s sees the assets as a positiv step in cleaning the banks.