Formal and Informal Rural Credit in Four Provinces of Vietnam

Publikation: Working paperForskning

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This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders. Formal loans are almost entirely for production and asset accumulation, while informal loans are used for consumption smoothening. Interest rates fell from 1997 to 2002, reflecting increased market integration. Moreover, the determinants of formal and informal credit demand are distinct. While credit rationing depends on education and credit history, in particular, regional differences in the demand for credit are striking. A ‘one size fits all' approach to credit policy in Vietnam would be inappropriate
OriginalsprogEngelsk
UdgivelsesstedCph.
UdgiverDepartment of Economics, University of Copenhagen
Antal sider38
StatusUdgivet - 2007

Bibliografisk note

JEL Classification: O12, O16, O17, O18

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