Vietnam’s financial services sector: Prospects for reform

Research output: Contribution to journalArticles

Abstract

This article explores the reform process currently underway in Vietnam's financial services sector, specially the strategic drivers of the reform process and the structural changes it is likely to bring about in the coming years. While Vietnam has remained mostly closed to external influences since 1975, especially the type of rapid financial sector liberalization that swept Southeast Asia in the late 1980s and 1990s, renewed pressures stemming from a desire to join the WTO as well as the recently ratified Vietnam-US Bilateral Trade Agreement, promise to open up Vietnam to foreign competition and initiate substantial structural economic reform. The article argues that this bodes well for Vietnam, since access to foreign investment capital and greater export trade will help secure enhanced growth and quicken the pace of poverty reduction. Copyright © 2002 Policy and Society Associates (APSS).
Original languageEnglish
Pages (from-to)42-64
JournalPolicy and Society
Volume21
Issue number2
DOIs
Publication statusPublished - 2002

Citation

Jarvis, Darryl S.L. (2002). Vietnam’s financial services sector: Prospects for reform. Policy and Society, 21(2), 42-64.

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