Khóa luận - Building a model of debt securitization in restructuring process of commercial banks in Vietnam

TABLE OF CONTENTS INTRODUCTION .................................................................................................... 1
CHAPTER I: GENERAL THEORETICAL REVIEW ON DEBT SECURITIZATION ............................................................................................... 12
1.1. Basics of debt securitization ....................................................................... 12
1.1.1. Key concepts .......................................................................................... 12
1.1.2. Characteristics....................................................................................... 14
1.1.3. Relevant Members ................................................................................. 16
1.1.4. Conditions necessary for securitization of debts ................................... 19
1.1.5. Benefits and risks ................................................................................... 21
1.2. Debt securitization in commercial banks.................................................. 26
1.2.1. Overview of debt securitization in commercial banks........................... 26
1.2.2. Contents of debt securitization .............................................................. 27
1.2.3. Some methods of securitized debt outstanding ...................................... 36
1.3. Experience of some countries in debt securitization................................ 40
1.3.1. The U.S .................................................................................................. 40
1.3.2. Malaysia ................................................................................................ 43
1.3.3. Lessons for Vietnam............................................................................... 44
CHAPTER II: MODEL OF OUTSTANDING DEBT SECURITIZATION OF VIETNAM COMMERCIAL BANKS.................................................................. 45
2.1. General context of Vietnam banking system............................................ 45
2.2. Status of debts in Vietnam commercial banks ......................................... 50
2.2.1. Causes of debts ...................................................................................... 50
2.2.2. Situations of handling the bad debts in Vietnam commercial banks..... 52
2.3. Building a model of debt securitization in Vietnam ................................ 55
2.3.1. Contents of the model ............................................................................ 55
2.3.2. Steps in the model .................................................................................. 57
2.3.3. Evaluation of debt securitization model in Vietnam.............................. 61
2.4. Conditions to apply model of debt securitization in Vietnam ................ 67

2.4.2. The development of Vietnam's financial market.....................................68
2.4.3. Legal environment ..................................................................................71
2.4.4. Supply and demand for the debt securitization ......................................72
2.4.5. Competitive capacity and business structure of banks...........................74
2.4.6. Support from the State bank and government ........................................75
2.4.7. Support from the financial institutions in the world...............................75
3.1. Orientation to handle debts in commercial banking system ...................76
3.2. Solutions to bring the securitization model into practice in Vietnam
commercial banks ...............................................................................................79
3.2.1. Actively adapting to international common practice .............................79
3.2.2. Banks' cooperation banks in the building of customer’s information
systems ..............................................................................................................80
3.2.3. Financial market solutions .....................................................................81
3.2.4. Special intermediate scale extension......................................................85
3.2.5. Encourage credit institution to participate in the credit enhancement..86
3.2.6. Investment expansion together with credit quality improvement ...........87
3.2.7. Improvement the quality of bank staffs...................................................87
3.2.8. Modernize banking operations ...............................................................89
3.3. Recommendations ........................................................................................89
3.3.1. Recommendations for strengthening the commercial banking system...89
3.3.2. Recommendations with the state bank and the relevant authorities ......91
CONCLUSION........................................................................................................96 REFERENCES ........................................................................................................98