| ID | 130057 |
| Title Proper | Informal credit in Vietnam |
| Other Title Information | a necessity rather than an evil |
| Language | ENG |
| Author | Lainez, Nicolas |
| Publication | 2014. |
| Summary / Abstract (Note) | The state of knowledge about finance and credit in Vietnam remains fragmentary despite
the interest that economists have shown in the topic over the past fifteen years. This paper explores why informal finance continues to enjoy great popularity among rural households despite its high price and risks in Southern Vietnam. This research note examines in detail three modes of credit, and shows that borrowers' perception of informal credit does not always correspond to that of government financial and international institutions. The social dimension of informal finance is crucial to understanding its prevalence, adaptability and continuity in Vietnam. From the point of view of the borrowers, informal credit is not perceived as an evil but rather an economic necessity. |
| `In' analytical Note | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name) Vol.31, No.1; April 2014: p.147-154 |
| Journal Source | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name) Vol.31, No.1; April 2014: p.147-154 |
| Key Words | Economic Cooperation ; Informal Finance ; Economic Development ; Economic Necessity ; Financial Crisis ; International Institutions ; Government Institutions ; Southern Vietnam ; Vietnam ; Economic Policy ; Economic Interest |