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The Vietnamese financial economy: reforms and development, 1986-2016

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  • Quan-Hoang Vuong

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.

Suggested Citation

  • Quan-Hoang Vuong, 2019. "The Vietnamese financial economy: reforms and development, 1986-2016," Policy Papers CEB 19-001, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:ppaper:2013/285591
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    3. Nguyen, Nguyen Trinh Thanh, 2022. "EU aid for trade as contested trade policy intervention: The case of the EU-MUTRAP project in Vietnam," OSF Preprints 4xa2h, Center for Open Science.

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    More about this item

    Keywords

    Financial economy; Reforms; Emerging market; Money market; Capital market;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G00 - Financial Economics - - General - - - General

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