ArticleAuthors: Nguyen, Phu Ha (2010)
This Scientific paper looks at the development of the financial systems of ASEAN-5 countries and Vietnam. By making a comparison between factors that foster the financial development of ASEAN-5 and Vietnam...; This paper looks at the development of the financial systems of ASEAN-5 countries and
Vietnam. By making a comparison between factors that foster the financial development of
ASEAN-5 and Vietnam, it suggests that both the two sides share common characteristics
including: financial repression, bank based development, accelerating liberalization of the
financial sector, capital movement, inefficiency, due to lack of competition, effective governance,
and managerial freedom. T...