Articles | Open Access
Vol. 5 No. 12 (2019)
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Page No.: 194 to 201 |
https://doi.org/10.23958/ijssei/vol05-i12/180
Associate Professor, Dr (Economics), Lecturer and Researcher, Deputy Head of Department of Banking Management, School of Banking and Finance, National Economics University
MBA, Lecturer and Researcher, Department of Financial and Monetary Theory, School of Banking and Finance, National Economics University
Dr (Economics), Director of Strategic Planning and Board of Director Secretariat Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
International School of Management and Economics, National Economics University
Abstract
The authors aim at investigating factors driving and hindering financial inclusion in Vietnam. The dataset was achieved from the 2017 Global Financial Inclusion (Global Findex) Database of Vietnam along with two probit regressions were used to indentify factors driving access to formal financial system. The results showed that key obstacles to have a formal account are income shortage, education attainment, geographical location and individual perceptions. Converserly, age made a huge indicator of usage of formal financial services. Based on these findings, some recommendations were proposed to enhance financial inclusion for people in emerging countries such as Vietnam.
Keywords:
Financial Inclusion, Transitional Country, Income Shortage, Education Attainment, Geographic, Individual Perceptions
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Copyright © 2020
.
Linh Hoai Do,
Xuan Thanh Ngo,
Linh Tuan Luu,
Thuy Thu Cao, this is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
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