Vietnam: The Dilemma of Bringing Global Financial Standards to a Socialist Market Economy


A research by Dr. Vu Thanh Tu Anh, Dean of Fulbright School of Public Policy Management (FSPPM) and Dr. Tran Thi Que Giang, FSPPM’s senior lecturer was recently published by Oxford University Press – a prestigious academic book publisher. Their co-authored book chapter entitled “Vietnam: The Dilemma of Bringing Global Financial Standards to a Socialist Market Economy” has been compiled in the book “The Political Economy of Bank Regulation in Developing Countries: Risk and Reputation”.

The book contains case studies on the political economy of bank regulation on eleven countries across Africa, Asia, and Latin America. It focuses on the ways that regulators are responding to international banking standards. These standards are intended for the regulation of large, complex, risk-taking international banks with trillions of dollars in assets and operations across the globe.

Yet they are being implemented in countries with nascent financial markets and small banks that have yet to venture into international markets. Why is this? Their chapters explore the political economy drivers behind regulatory decisions. The case studies show how governments and firms in the core of global finance powerfully shape regulatory decisions in the periphery, and provides insights into the ways that governments and firms from peripheral developing countries manoeuvre within the constraints and opportunities created by financial globalization.

The book is the result of a collaborative research project between academics based in the UK, Burkina Faso, Germany, Kenya, Switzerland, the United States, and Vietnam. They have a project website where you can find other publications and policy briefs, and more about the project team.

It is available for free on their website (click on the open access icon and you will get a PDF version). HERE

Quynh Chi

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Khoảnh khắc bạn đối mặt với nỗi sợ và dũng cảm hành động, đó là lúc bạn đã khai phóng bản thân. Đã có nhiều đêm bạn mất ngủ, đã có nhiều phút giây bạn nản chí. Nhưng, bạn đã không bỏ cuộc. Các bạn đã luôn kiên cường vượt qua những thử thách, những khó khăn trên chặng đường bốn năm vừa qua. Fulbright tự hào về các bạn. Hẹn gặp các bạn tại Commencement Day 8/6/2024, ngày chúng tôi tự hào giới thiệu với thế giới: Khóa 2024 – Class of the Fearless của Đại học Fulbright Việt Nam.

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