Evolution of the Monetary and Financial System of the SRV: From National Unification to Integration into the Global Economy

The article investigates the progression of the monetary and financial system (MFS) in the Socialist Republic of Vietnam (SRV) from the time of the country's reunification in 1975 to the present day. The author identifies three distinct periods: the initial period (1976–1985), the period of reforms (1986–2006), and the period of international integration (from 2007 to the present). By drawing on scientific and official sources, the authors analyze the transformations in fiscal and monetary policies, as well as the functioning of financial institutions and markets. Particular emphasis is placed on the impact of openness and technological advancements after 2007, which have significantly contributed to enhancing the depth, accessibility, efficiency, and stability of the SRV’s MFS. The article also emphasizes the significance of considering both domestic factors and global trends for the further advancement of Vietnam’s MFS.

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Publication Details

Journal
The Russian Journal of Vietnamese Studies
Published
2025-04-08
DOI
https://doi.org/10.54631/vs.2025.91-638128
Primary Topic
Russia and Soviet political economy
Type
article
Field-Weighted Citation Impact
0.00
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article

Evolution of the Monetary and Financial System of the SRV: From National Unification to Integration into the Global Economy

A. G. Glebova, Phuc Duc Nguyen
The Russian Journal of Vietnamese Studies
Russia and Soviet political economy
article

Evolution of the Monetary and Financial System of the SRV: From National Unification to Integration into the Global Economy

A. G. Glebova, Phuc Duc Nguyen
article en

Abstract

The article investigates the progression of the monetary and financial system (MFS) in the Socialist Republic of Vietnam (SRV) from the time of the country's reunification in 1975 to the present day. The author identifies three distinct periods: the initial period (1976–1985), the period of reforms (1986–2006), and the period of international integration (from 2007 to the present). By drawing on scientific and official sources, the authors analyze the transformations in fiscal and monetary policies, as well as the functioning of financial institutions and markets. Particular emphasis is placed on the impact of openness and technological advancements after 2007, which have significantly contributed to enhancing the depth, accessibility, efficiency, and stability of the SRV’s MFS. The article also emphasizes the significance of considering both domestic factors and global trends for the further advancement of Vietnam’s MFS.

The Russian Journal of Vietnamese StudiesVol. 9(1)
Financial University (RU), Diplomatic Academy of Vietnam (VN)
Openalex Percentile: Top 92%
Russia and Soviet political economy
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