Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam

In Vietnam, the role of commercial banks is extremely important, but the real situation does not really meet the requirements of the economy. The State Bank of Vietnam has implemented many solutions to stabilize the monetary market and regulated internal control and internal audit of credit insti-tu...

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Main Authors: Dinh The Hung, Tran Trung Tuan
Format: Article
Language:English
Published: Growing Science 2019-06-01
Series:Management Science Letters
Subjects:
Online Access:http://www.growingscience.com/msl/Vol9/msl_2019_158.pdf
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author Dinh The Hung
Tran Trung Tuan
author_facet Dinh The Hung
Tran Trung Tuan
author_sort Dinh The Hung
collection DOAJ
description In Vietnam, the role of commercial banks is extremely important, but the real situation does not really meet the requirements of the economy. The State Bank of Vietnam has implemented many solutions to stabilize the monetary market and regulated internal control and internal audit of credit insti-tutions. Therefore, in order to survive and develop in a sustainable way, each commercial bank itself needs to build good governance policies so that its activities are always effective. The most suitable solution is given: good completion of internal control to improve the operational effectiveness of internal control. This article studies the major factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam, in order to help them understand the factors affecting, improving and ensuring the effective operations of the banks, aiming at the goals of stabilizing the financial economy of the country.
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spelling doaj.art-67a88fd14a5b4488ad0becf281f9a1302022-12-21T18:19:30ZengGrowing ScienceManagement Science Letters1923-93351923-93432019-06-019111799181210.5267/j.msl.2019.6.011Factors affecting the effectiveness of internal control in joint stock commercial banks in VietnamDinh The HungTran Trung TuanIn Vietnam, the role of commercial banks is extremely important, but the real situation does not really meet the requirements of the economy. The State Bank of Vietnam has implemented many solutions to stabilize the monetary market and regulated internal control and internal audit of credit insti-tutions. Therefore, in order to survive and develop in a sustainable way, each commercial bank itself needs to build good governance policies so that its activities are always effective. The most suitable solution is given: good completion of internal control to improve the operational effectiveness of internal control. This article studies the major factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam, in order to help them understand the factors affecting, improving and ensuring the effective operations of the banks, aiming at the goals of stabilizing the financial economy of the country.http://www.growingscience.com/msl/Vol9/msl_2019_158.pdfEffectivenessInternal controlCommercial banksVietnam
spellingShingle Dinh The Hung
Tran Trung Tuan
Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
Management Science Letters
Effectiveness
Internal control
Commercial banks
Vietnam
title Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
title_full Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
title_fullStr Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
title_full_unstemmed Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
title_short Factors affecting the effectiveness of internal control in joint stock commercial banks in Vietnam
title_sort factors affecting the effectiveness of internal control in joint stock commercial banks in vietnam
topic Effectiveness
Internal control
Commercial banks
Vietnam
url http://www.growingscience.com/msl/Vol9/msl_2019_158.pdf
work_keys_str_mv AT dinhthehung factorsaffectingtheeffectivenessofinternalcontrolinjointstockcommercialbanksinvietnam
AT trantrungtuan factorsaffectingtheeffectivenessofinternalcontrolinjointstockcommercialbanksinvietnam