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

Quan Hoang Vuong

No 19-001, Policy Papers CEB from ULB -- Universite Libre de Bruxelles

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 (search for similar items in EconPapers)
JEL-codes: E44 E58 F36 G00 (search for similar items in EconPapers)
Pages: 47 p.
Date: 2019-03-21
New Economics Papers: this item is included in nep-mac, nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: The Vietnamese financial economy: reforms and development, 1986-2016 (2017)
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