The Vietnamese Financial Economy: Reforms and Development, 1986-2016

Vuong, Q.H. (2019). “The financial economy of Viet Nam in an age of reform, 1986-2016”. In U. Volz, P. Morgan and N. Yoshino (Eds.) Routledge Handbook of Banking and Finance in Asia (pp. 201-222). New York, NY: Routledge.

46 Pages Posted: 29 May 2019

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Date Written: December 2, 2018

Abstract

In an age of reform, Vietnam’s financial systems have come to a critical stage in which the quality of policy-making, independence of the central banking operations and over-risk controls will ultimately be required if the country is set to move forward in a sustainable fashion. Analysts may have different views about Vietnam’s financial economy, but all agree that it has evolved and grown fast over the past three decades. The next course of development will depend on how Vietnamese society views raison d’être of its financial systems and financial health. But the process will much depend on the economic growth of the economy as a whole. Failing to support a sustained growth puts VFS’s existence at risk as economic growth helps mitigate higher risk-taking behavior and contain instability in less competitive markets.

Keywords: Financial economy, reforms, emerging market, money market, capital market

JEL Classification: E44, E58, F36, G00

Suggested Citation

Vuong, Quan Hoang, The Vietnamese Financial Economy: Reforms and Development, 1986-2016 (December 2, 2018). Vuong, Q.H. (2019). “The financial economy of Viet Nam in an age of reform, 1986-2016”. In U. Volz, P. Morgan and N. Yoshino (Eds.) Routledge Handbook of Banking and Finance in Asia (pp. 201-222). New York, NY: Routledge.. Available at SSRN: https://ssrn.com/abstract=3382798

Quan Hoang Vuong (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

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