The convergence of financial inclusion across provinces in Vietnam: A novel approach.

Financial inclusion has generally been considered an effective mechanism to support economic growth and reduce Vietnam's poverty for the last decade. While the importance of financial inclusion to economic growth or macroeconomic stability has been widely examined, it appears that the degree of...

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Autores principales:	Nhan Thien Nguyen, Ha Son Nguyen, Chi Minh Ho, Duc Hong Vo
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/2d10bccf519840649f22f50654303e69
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spelling	oai:doaj.org-article:2d10bccf519840649f22f50654303e692021-12-02T20:19:32ZThe convergence of financial inclusion across provinces in Vietnam: A novel approach.1932-620310.1371/journal.pone.0256524https://doaj.org/article/2d10bccf519840649f22f50654303e692021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0256524https://doaj.org/toc/1932-6203Financial inclusion has generally been considered an effective mechanism to support economic growth and reduce Vietnam's poverty for the last decade. While the importance of financial inclusion to economic growth or macroeconomic stability has been widely examined, it appears that the degree of financial inclusion across Vietnam has not attracted attention from academics and policymakers. In particular, a convergence of financial inclusion across provinces in Vietnam has never been examined. This paper is conducted to examine the static and dynamic distributions of financial inclusion across provinces in Vietnam. The latest three biennial surveys from 2014 to 2018 and a novel approach known as the dynamic kernel density function are used in this study. Our results indicate that Vietnam's economic growth and development over the 2014-2018 period is relatively inclusive. The evidence also demonstrates that households provided with access to multiple sources of finance depend significantly on the provincial level of income. We also find that provinces located in the national key economic regions, including (i) the Northern region and (ii) the Southern region, appear to achieve a higher degree of financial inclusiveness. Our findings also confirm the catching-up from the financially disadvantaged provinces to financially advantaged provinces locating within the key economic regions. We argue that understanding the asymmetric effect of economic growth on financial inclusion will be helpful for the Vietnamese government in formulating and implementing economic policies promptly to secure the sustainable and inclusive goals of economic growth and development in the future.Nhan Thien NguyenHa Son NguyenChi Minh HoDuc Hong VoPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 8, p e0256524 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Nhan Thien Nguyen Ha Son Nguyen Chi Minh Ho Duc Hong Vo The convergence of financial inclusion across provinces in Vietnam: A novel approach.
description	Financial inclusion has generally been considered an effective mechanism to support economic growth and reduce Vietnam's poverty for the last decade. While the importance of financial inclusion to economic growth or macroeconomic stability has been widely examined, it appears that the degree of financial inclusion across Vietnam has not attracted attention from academics and policymakers. In particular, a convergence of financial inclusion across provinces in Vietnam has never been examined. This paper is conducted to examine the static and dynamic distributions of financial inclusion across provinces in Vietnam. The latest three biennial surveys from 2014 to 2018 and a novel approach known as the dynamic kernel density function are used in this study. Our results indicate that Vietnam's economic growth and development over the 2014-2018 period is relatively inclusive. The evidence also demonstrates that households provided with access to multiple sources of finance depend significantly on the provincial level of income. We also find that provinces located in the national key economic regions, including (i) the Northern region and (ii) the Southern region, appear to achieve a higher degree of financial inclusiveness. Our findings also confirm the catching-up from the financially disadvantaged provinces to financially advantaged provinces locating within the key economic regions. We argue that understanding the asymmetric effect of economic growth on financial inclusion will be helpful for the Vietnamese government in formulating and implementing economic policies promptly to secure the sustainable and inclusive goals of economic growth and development in the future.
format	article
author	Nhan Thien Nguyen Ha Son Nguyen Chi Minh Ho Duc Hong Vo
author_facet	Nhan Thien Nguyen Ha Son Nguyen Chi Minh Ho Duc Hong Vo
author_sort	Nhan Thien Nguyen
title	The convergence of financial inclusion across provinces in Vietnam: A novel approach.
title_short	The convergence of financial inclusion across provinces in Vietnam: A novel approach.
title_full	The convergence of financial inclusion across provinces in Vietnam: A novel approach.
title_fullStr	The convergence of financial inclusion across provinces in Vietnam: A novel approach.
title_full_unstemmed	The convergence of financial inclusion across provinces in Vietnam: A novel approach.
title_sort	convergence of financial inclusion across provinces in vietnam: a novel approach.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/2d10bccf519840649f22f50654303e69
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The convergence of financial inclusion across provinces in Vietnam: A novel approach.

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