Diagnostic Review of Consumer Protection and Financial Literacy: Vietnam, Volume 1

Publication:
Diagnostic Review of Consumer Protection and Financial Literacy: Vietnam, Volume 1

dc.contributor.author	World Bank Group
dc.date.accessioned	2017-01-23T16:03:40Z
dc.date.available	2017-01-23T16:03:40Z
dc.date.issued	2015-05
dc.description.abstract	In 2011, only 21.4 percent of Vietnamese adults had an account at a formal financial institution, and only 36.9 percent of all borrowers used a formal lender - both indicators are well below the regional averages in the East Asia and Pacific. The formal financial sector in Vietnam is dominated by banks; however, retail lending is still rather underdeveloped due to often flawed lending practices and low levels of financial literacy among the population. Vietnamese authorities and the civil society have demonstrated a deep commitment to financial consumer protection by continuous dialogue and persistent legislative activities, and yet, much still needs to be achieved. The legal and regulatory framework for consumer protection in the financial sector, and related supervisory arrangements, are at a nascent stage of development. This World Bank’s diagnostic review was conducted in response to a request from the State Bank of the Socialist Republic of Vietnam. The banking, non-bank credit institutions, securities, insurance, and credit reporting sectors were considered as well as financial literacy strategies and programs. The review was conducted by reference to the World Bank`s good practices for financial consumer protection and provides a detailed assessment of the institutional, legal, and regulatory framework for financial consumer protection. Volume I of the review summarizes the key findings and recommendations and volume II provides a detailed comparison with the good practices.	en
dc.identifier	http://documents.worldbank.org/curated/en/817011483956605150/Key-findings-and-recommendations
dc.identifier.doi	10.1596/25876
dc.identifier.uri	https://hdl.handle.net/10986/25876
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	financial literacy
dc.subject	financial consumer protection
dc.subject	financial regulation
dc.subject	legal framework
dc.subject	transparency
dc.subject	financial disclosure
dc.title	Diagnostic Review of Consumer Protection and Financial Literacy	en
dc.title.subtitle	Vietnam, Volume 1	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Diagnostic Review of Consumer Protection and Financial Literacy
okr.date.disclosure	2017-01-09
okr.date.doiregistration	2025-05-07T11:33:16.233111Z
okr.doctype	Economic & Sector Work::Other Financial Accountability Study
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/817011483956605150/Key-findings-and-recommendations
okr.guid	891061483957010610
okr.guid	817011483956605150
okr.identifier.externaldocumentum	090224b084850eb5_1_0
okr.identifier.internaldocumentum	27079907
okr.identifier.report	111757
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/817011483956605150/pdf/111757-WP-P150728-PUBLIC-v1-ABSTRACT-SENT-VietnamCPFLDiagReviewVolumeIFINAL.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Viet Nam
okr.sector	Finance
okr.topic	Finance and Financial Sector Development::Finance and Development
okr.topic	Finance and Financial Sector Development::Financial Literacy
okr.topic	Finance and Financial Sector Development::Financial Regulation & Supervision
okr.topic	Law and Development::Financial Law
okr.unit	F&M GP GST - 2B Fin Infr & Acc (GFM2B)

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Name:: 111757-WP-P150728-PUBLIC-v1-ABSTRACT-SENT-VietnamCPFLDiagReviewVolumeIFINAL.pdf
Size:: 1.47 MB
Format:: Adobe Portable Document Format

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