The Greater Mekong Subregion (GMS) is one of the most successful stories of economic transition and integration among …

This paper reviews recent banking reform efforts in the lower Mekong countries (LMCs), comprising Cambodia, the Lao … People's Democratic Republic, and Vietnam. Linked by close economic and cultural ties, the three LMCs face the dual challenge … the late 1980s. However, state-owned banks with weak balance sheets continue to dominate the banking systems of Vietnam …