The new politics of debt in the transition economy of Vietnam
Abstract: This study reviews the rising household debt and nonfinancial corporation debt in Vietnam, a socialist-oriented, lower middle-income emerging economy. Vietnam has made huge strides in economic growth within three decades of reforms, lifting millions of people out of poverty thanks to better access to credit. At the same time, there are lending and borrowing practices that signal troubles ahead. Based on a thorough examination of the theoretical literature on indebtedness, the study sets out to identify the drivers of borrowing and over-borrowing in Vietnam in recent years. Particularly, the abundant financial and physical resources have given rise to consumerism and the boom of the super-rich. These are two of the four factors that have shifted Vietnamese culture from one that traditionally condemned debt as a vice to one that now tolerates indebtedness. The other two factors can be found at the corporate level where there is an over-reliance on debt financing and rampant rent-seek
- Standort
-
Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
-
Online-Ressource
- Sprache
-
Englisch
- Anmerkungen
-
Veröffentlichungsversion
begutachtet (peer reviewed)
In: ASEAS - Austrian Journal of South-East Asian Studies ; 12 (2019) 1 ; 91-110
- Klassifikation
-
Wirtschaft
- Ereignis
-
Veröffentlichung
- (wo)
-
Mannheim
- (wann)
-
2019
- Urheber
- DOI
-
10.14764/10.ASEAS-0015
- URN
-
urn:nbn:de:101:1-2019103006082996515986
- Rechteinformation
-
Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
-
15.08.2025, 07:25 MESZ
Datenpartner
Deutsche Nationalbibliothek. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Beteiligte
- Nguyen, Hong-Kong T.
- Nguyen, Viet-Ha T.
- Vuong, Thu-Trang
- Ho, Tung Manh
- Quan Hoang Vuong
Entstanden
- 2019
Ähnliche Objekte (12)
The new politics of debt in the transition economy of Vietnam
Debt in the U.S. Economy
Social Movements and the Politics of Debt
The political economy of the international debt crisis
The political economy of the international debt crisis
Household debt, corporate debt, and the real economy: Some empirical evidence
Russia's Debt Crisis and the Unofficial Economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's Debt Crisis and the Unofficial Economy
Public Debt and the Political Economy of Reforms
The new politics of debt in the transition economy of Vietnam
Debt in the U.S. Economy
Social Movements and the Politics of Debt
The political economy of the international debt crisis
The political economy of the international debt crisis
Household debt, corporate debt, and the real economy: Some empirical evidence
Russia's Debt Crisis and the Unofficial Economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's Debt Crisis and the Unofficial Economy
Public Debt and the Political Economy of Reforms
The new politics of debt in the transition economy of Vietnam
Debt in the U.S. Economy
Social Movements and the Politics of Debt
The political economy of the international debt crisis
The political economy of the international debt crisis
Household debt, corporate debt, and the real economy: Some empirical evidence
Russia's Debt Crisis and the Unofficial Economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's debt crisis and the unofficial economy
Russia's Debt Crisis and the Unofficial Economy