Microfinance in Southeast Asia: The Case of Vietnam Over the Period 2005–2015
- 214 Downloads
Over the last decades, microfinance (MF) in Vietnam has grown significantly contributing to government goals in terms of poverty reduction. As per 2013 records for Vietnam, there were 10.09 million MF clients, and over 130 Microfinance Institutions (MFIs) with 5800 branches at the commune-level (ADB in Sector assessment: MF development program in Vietnam, Hanoi, Vietnam, 2014). The reviewed literature points out to the lack of effective analysis on how MF programmes are developed and on how they are aligned with ethical standards that focus their activities on both poverty reduction and the empowerment of women in Vietnam. This study identifies how MF is used to articulate appropriate and effective policies and measures that contribute to the alleviation of poverty in the Southeast Asian region, taking Vietnam as a case study.
KeywordsVietnam Microfinance Microfinance institution Economic policy Poverty reduction
- Asian Development Bank (ADB). (2000). Finance for the Poor: Microfinance Development Strategy. Accessed 28 Sept 2018 at https://www.adb.org/sites/default/files/institutional-document/32094/financepolicy.pdf.
- ADB. (2010a). Socialist Republic of Viet Nam: MF Sector Development Program. Retrieved from the Asia Development Bank, Hanoi, Vietnam.Google Scholar
- ADB. (2010b). VietNam MF Sector Assessment: Developing the MF Sector Project. Retrieved from Hanoi, Vietnam.Google Scholar
- ADB. (2013). Vietnam Environment and Climate Change Assessment. Accessed 28 Sept 2018 at https://www.adb.org/sites/default/files/institutional-document/33916/files/viet-nam-environment-climatechange.pdf.
- ADB. (2014). Sector Assessment: MF Development Program in Vietnam. Retrieved from Hanoi, Vietnam.Google Scholar
- Blaxall, J. (2004). India’s Self-employed Women’s Association (SEWA)—Empowerment Through Mobilization of Poor Women on a Large Scale. Retrieved from India. http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/.
- Grameen Bank. (2011). Vision Banking for the Poor. Grameen Bank Annual Report. Accessed 28 Sept 2018 at http://www.grameen.com/wp-content/uploads/bsk-pdf-manager/GB-2011.pdf.
- Ha-Hoang, H., Nguyen-Minh, H., & Ngi-Thi-Minh, H. (2013). Vietnam After Joining WTO: MF and the Access of the Rural Poor. Retrieved from Vietnam Centre for Development and Integration.Google Scholar
- Nghiem, H. S., Coelli, T., & Rao, P. (2006). The Efficiency of MF in Vietnam: Evidence from NGO Schemes in the North and the Central Regions. International Journal of Environmental, Cultural, Economic and Social Sustainability, 2(5), 8.Google Scholar
- Nghiem, H. S., Coelli, T., & Rao, P. (2007). The Welfare Effects of MF in Vietnam: Empirical Results from a Quasi-Experiment Survey. Paper presented at the Annual Conference of the Australian Agriculture and Resources Economics Society, Queenstown, New Zealand.Google Scholar
- Nguyen-Kim, A. (2014). MF in Vietnam: Reality and Policy Recommendations. Retrieved from Hanoi.Google Scholar
- Timberg, T., Binh, L. D., Minh, T. B., Modak, N., & Heggen, A. (2011). Promoting Sustainable Market-Based MF: Vietnam Case Study and Lessons Learned for APEC Economies for APEC Economies. Paper presented at the Workshop on MF Best Practices, Ha Noi, Viet Nam.Google Scholar
- Vo, K. T., & Tran, V. H. (2013). Tài chính vi mô tại một số nước trên thế giới và bài học kinh nghiệm nhằm hạn chế đói nghèo tại Việt Nam [The MF in Countries Around the World and the Experienced Lessons for Poverty Reduction in Vietnam (Vietnamese)]. Development and Integration, 9(19), 16–21.Google Scholar
- The World Bank (WB). (2009). Perspective on Poverty in India—Stylized Facts from Survey Data. Accessed 28 Sept 2018 at http://documents.worldbank.org/curated/en/103691468041447795/pdf/574280PUB0Pers1351B0Extop0ID0186890.pdf.
- WB. (2015). Responsible finance in Vietnam. Retrieved from World Bank Group.Google Scholar
- WB. (2016). The World Bank in Vietnam—Overview. Accessed 28 Sept 2018 at http://www.worldbank.org/en/country/vietnam/overview.