The study investigates and measures the impact of financial restructuring on overall financial performance of commercial banks in Vietnam. Survey data for this research were collected from audited financial reports of 28 commercial banks in Vietnam, for the period from 2008 to 2018. In the study, we have built a model of econometric regression with the dependent variable being financial results measured through ROA and ROE. The research methods used include Pooled Ordinary Least Square Model (POLS), Fixed Effects Model (FEM), Random Effects Model (REM), and different Generalized Method of Moments (GMM). The results showed that the account payables restructuring and owners’ equity restructuring are much needed. Increasing the owners’ equity, decreasing the account payables would improve the overall financial performance, bad debts restructuring to decrease bad debts would also improve the financial performance as well. However, the financial restructuring in the period 2012-2015 and 2016-2018, indeed worsen the financial performance during those times. The findings of this study suggest that the evaluation of the financial performance after restructuring of commercial banks in Vietnam must be based on longer data. At the same time, it is necessary to examine differences between various banking groups to draw accurate conclusions on financial performance.

Abstract
1. Introduction
2. Literature Review
    2.1. Restructuring and Financial Performance
    2.2. The Influence of Financial Restructuring onthe Financial Performance
3. Data and Research Methodology
    3.1. Data
    3.2. Research Methods
4. Results
    4.1. Descriptive Analysis
    4.2. Correlation Analysis
5. Discussion
6. Conclusions
References

• Tam Thanh Nguyen DUONG(Banking University of Ho Chi Minh City, Ho Chi Minh City)
• Hai Thanh PHAN(Faculty of Accounting, Institute of Research and Development, Duy Tan University) Corresponding Author
• Tien Ngoc HOANG(Graduate School, Duy Tan University, Da Nang)
• Tien Thuy Thi VO(VNUK Institute for Research and Executive, The University of Da Nang)