The world’s eyes have been firmly fixed on the geopolitics playing out in the capital Hanoi this week. But for the Vietnamese government, the main aim of hosting US president Donald Trump and his North Korean counterpart, Kim Jong Un, has been to underline how much progress the Vietnamese economy is making.
A country that was once dominated by state-owned enterprises is now increasingly propelled by the private sector. And an economy fuelled by bank credit is slowing developing mechanisms to allocate capital more efficiently.
One of the government’s key priorities has been to create a thriving bond market reducing the risks associated with banking-centric finance by...
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