Reimagining Viet Nam’s Microfinance Sector: Recommendations for Institutional and Legal Reforms

Publication | November 2021

This paper emphasizes the need to prioritize regulatory reform that can support microfinance service providers (MSPs) in Viet Nam in line with 2025 targets outlined in the country's new National Financial Inclusion Strategy.

Achieving the targets of Viet Nam's new National Financial Inclusion Strategy requires considerable support from the microfinance sector as well as other stakeholders in the finance sector. The paper finds that MSPs in the country face limited access to funds and the lack of commercialization. It offers recommendations on policy reform and the application of wholesale lending models that can enable Viet Nam's microfinance sector to become more active, prominent, and competitive on a regional level along with its neighbors in Asia.


  • Abstract
  • Overview and Analysis of the Main Constraints on the Sector’s Development
  • Evaluation of the Demand for Wholesale Funds
  • Potential Sources of Funds for Microfinance Wholesaling in Viet Nam
  • International Wholesale Lending Models
  • Applying Wholesale Lending Models to the Vietnamese Context and Policy Recommendations
  • Appendixes

Additional Details

  • Finance sector development
  • Financial inclusion and microfinance
  • Viet Nam
  • 66
  • 8.5 x 11
  • WPS210385-2

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