From Monobank to Commercial Banking: Financial Sector Reforms in Vietnam

edited by Jens Kovsted, John Rand and Finn Tarp

This study analyses the difficulties and problems encountered in transforming the Vietnamese financial sector from one subordinate to government objectives and goals to an autonomous sector guided by market forces and competitive pressures. Here, the history of financial sector liberalization is traced and close attention paid to the activities and autonomy of the State Bank of Vietnam, the institution responsible for the supervision and regulation of the financial sector in Vietnam.

“…the book gives a penetrating insight into issues such as regulatory regimes and central bank independence and grapples with what actually occurs “on the ground” rather than what is said in the official announcements or even what is “on paper”.” - Suiwah Leung, Journal of Asian Business, vol. 22, no. 1, 2006

Jens Kovsted is a Ph.D. in development economics , and an analysis manager at CEBR, the Centre for Economic and Commercial Research, which is linked to the Copenhagen Business School. He has also lectured on development economics at the University of Copenhagen’s Centre for African Studies.

Publication year: 2005
192 pp / 216mm x 156mm
8 figures
ISBN: 978-87-91114-86-1, Paperback
ISBN: 978-87-91114-62-5, Hardback

NIAS Press