THE IMPACT OF FINANCIAL INCLUSION ON ECONOMIC GROWTH IN VIETNAM

Financial inclusion has emerged as a vital component of sustainable economic development, particularly in emerging economies such as Vietnam. It enhances access to financial services for individuals and enterprises, enabling savings, investments, and efficient resource allocation, thereby fostering economic growth. This study investigates the relationship between financial inclusion and economic growth in Vietnam using a qualitative analytical approach based on secondary data from the World Bank, the State Bank of Vietnam, and other national reports. The findings reveal that Vietnam has made remarkable progress in improving financial inclusion over the past decade, reflected in the expansion of banking networks, mobile payment systems, and fintech innovations. These advancements have contributed to increased capital mobilization, greater access to credit for small and medium-sized enterprises (SMEs), and a more dynamic financial ecosystem. However, disparities persist across regions and income groups, as rural and low-income populations still face barriers to accessing formal financial services. The study concludes that financial inclusion plays a significant role in driving Vietnam’s economic growth by promoting savings, entrepreneurship, and productivity. Nevertheless, to sustain these gains, it is essential to strengthen digital infrastructure, enhance financial literacy, and implement inclusive financial policies that target underserved communities. The paper provides insights for policymakers and financial institutions on how to leverage financial inclusion as a tool for achieving equitable and sustainable growth.