Defining banking activities and the banking license under Vietnamese law: A comparative analysis and proposals for improvement

Abstract

By employing analytical, comparative, and synthesis methodologies, this paper investigates Vietnam's legal framework governing the definition of banking activities and the banking license. Through a comparative analysis with the corresponding laws of France, South Korea, China, and the Philippines, the paper highlights shortcomings and inconsistencies within Vietnam's current regulations; thereby puts forward recommendations to refine the legal provisions on banking activities and the banking license, ensuring they are more robust, coherent, and aligned with international best practices.