The effect of financial inclusion on multidimensional poverty: the case of Vietnam

Tran, Huong Thi Thanh; Le, Ha Thi Thu; Nguyen, Nga Thanh; Pham, Tue Thi Minh; Hoang, Huyen Thanh

doi:10.1080/23322039.2022.2132643

Cited by 8 publications

(5 citation statements)

References 33 publications

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“…Indeed, empowered households with insurance coverage are less likely to be deprived of health and can focus on income-generating activities, reducing their chances of becoming multidimensionally poor [ 63 ]. Similarly, wealthy households can afford dietary needs and access other social amenities such as clean energy, hence cutting their likelihood of falling into multidimensional poverty, affirming assertions of previous studies [ 63 , 64 , 92 ] that a household has a lower likelihood of becoming multidimensionally poor as sanitary conditions such as adequate access to piped drinking water increases.…”

Section: Empirical Analysis and Discussionsupporting

confidence: 71%

Analysis of incidence, intensity, and gender perspective of multidimensional urban poverty in Kenya

Maket

2024

Heliyon

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Section: Empirical Analysis and Discussionsupporting

confidence: 71%

Analysis of incidence, intensity, and gender perspective of multidimensional urban poverty in Kenya

Maket

2024

Heliyon

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“…Vietnam is an emerging nation aiming to reduce poverty and inequality by promoting financial inclusion [6,7].…”

Section: The Empirical Evidence Of Financial Inclusionmentioning

confidence: 99%

“…Among efforts examining the growth effect of financial inclusion in Vietnam [4], empirical studies focus on characteristics of financial inclusion within the Vietnamese context [5,6]. Particularly, Tran et al [7] found that financial inclusion significantly reduces multidimensional poverty in Vietnam. Besides, Vo et al [8] suggested that corporate responsibility and bank performance matter for financial inclusion in Vietnam.…”

Section: Introductionmentioning

confidence: 99%

The determinants of financial inclusion from the households’ perspectives in Vietnam

Nguyen,

Ho,

et al. 2023

PLoS ONE

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Various studies have been conducted to measure financial inclusion at the country level. However, measuring financial inclusion at the household level has largely been neglected in the existing literature, particularly for emerging markets such as Vietnam. This study constructs an index of financial inclusion at the household level using the Vietnam Household Living Standard Surveys (VHLSS) in 2014, 2016, and 2018. We also identify the determinants of financial inclusion from the perspective of Vietnamese households. Our study also utilizes an ordered logit model to examine the effects of the determinants on each level of financial inclusion. Our empirical results reveal three key determinants, including (i) total income per household, (ii) relative income representing the difference between the average income of the province that the household currently lives in and the total income of this household, and (iii) the distance from the household to the nearest bank branch, are crucial factors driving the financial inclusion. While the total income per household positively enhances financial inclusion, relative income appears to reduce the degree of financial inclusion. Besides, distance to the nearest bank branch poses another challenge in achieving the financial inclusion goals in Vietnam in the future.

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“…Consequently, the progress in financial technology (FinTech) and mobile phone services is expected to facilitate financial inclusion, foster EG, and mitigate poverty (Andrianaivo & Kpodar, 2012;Hassan et al, 2019). Several researchers have found that FI is a critical component in increasing EG and reducing poverty (Baidoo & Akoto, 2019;Bateman et al, 2019;Koomson et al, 2020a;Tran et al, 2022). Policymakers worldwide are placing a high focus on attaining FI by integrating the "unbanked" and "underbanked" populations into the formal financial system.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Inclusion on Economic Growth and Poverty Reduction: Empirical Evidence from sub-Saharan Africa

Kamara

2024

IJSB

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This study examines the impact of financial inclusion (FI) on economic growth (EG) and poverty reduction in 18 sub-Saharan Africa (SSA) over the period from 2014 to 2021. The study employs fixed effects, random effects, panel-corrected standard errors (PCSE), Driscoll Kraay standard errors, the generalized method of moments (GMM), and quantile regression. A FI composite index was created using principal component analysis (PCA). According to the findings from all the models, FI has a significant positive effect on EG, and it also reduces poverty in SSA. The findings from the quantile regression indicate that countries with a higher Human Development Index (HDI) have a more significant decline in poverty. Therefore, governments and policymakers must prioritize the implementation of policies that facilitate the accessibility, availability, and usability of financial products and services. Such measures will contribute to fostering inclusive economic growth and poverty reduction in SSA.

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The effect of financial inclusion on multidimensional poverty: the case of Vietnam

Cited by 8 publications

References 33 publications

Analysis of incidence, intensity, and gender perspective of multidimensional urban poverty in Kenya

Analysis of incidence, intensity, and gender perspective of multidimensional urban poverty in Kenya

The determinants of financial inclusion from the households’ perspectives in Vietnam

The Impact of Financial Inclusion on Economic Growth and Poverty Reduction: Empirical Evidence from sub-Saharan Africa

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