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

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.

EU aid for trade as contested trade policy intervention: The case of the EU-MUTRAP project in Vietnam

“…Vietnam's attitude in trade development shows that "Vietnam has committed to continue its policy of openness to trade and investment as the motivation for domestic reforms to promote growth" (Vuong 2017). The government of Vietnam committed to continuing trade reform aimed at diversification and creating multilateral ties to strengthen international economic integration and emphasize a movement towards additional trade agreements (Minh 2016).…”

Banking Development, Economic Growth and Energy Consumption in Vietnam

“…The process of reforming the monetary and financial system of Vietnam dates back to the time of state reunification in the country in 1976, however, mistakes and failures were made in the first period associated with the formation of a fundamentally new banking structure while maintaining the command and control system of management (Vuong, 2019). The main contradiction was that attempts were made to combine the financial independence of enterprises, the expansion of the sphere of internal market turnover and the decentralization of foreign trade while maintaining the directive planning system, state pricing, the state system of distribution of basic necessities and material and technical resources.…”