Assess the Reality of the Regulations Applied in the Internal Control Activities of Vietnamese Credit Institutions

Abstract

In the trend of international economic integration, Vietnam has gradually established legal framework under
the most common to improve the quality of information as well as improving the effectiveness and efficiency
of economic development. Internal control system (ICS) is one of the tools in the management and control of
economic activities, which the credit institution (CI) is one of the financial system has important implications,
essential in the development of the national economy. To acknowledge the authenticity of the application of the
regulations contained in ICS, the author has surveyed the objects are directly employed in the CI. The results
showed that, the provisions relating to ICS now ensure full and helpful, but some of the content of concepts,
standards, guidelines specifying more required; besides CI is concerned and the application of ICS, but there are
still some problems related to hierarchy, decentralization; suchuyen’s responsible... So, the next time Vietnam
should have policies and regulations according to common practice in the world, building on the global template
processes ICS, with sanctions for banks in the performance the provisions relating to ICS. This contributes to
creating a legal framework and useful healthy stability contributes to sustainable development and the CI.