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In 1986, Vietnam initiated its extensive economic reform program, known as Doi Moi, which saved the country then in a devastating economic crisis from a collapse. The introduction of market system has brought back substantial changes in both people s life and the national economy. Market mechanism, commercial institutions, private properties and capital goods ownership, free trade have since come into existence. Gradually, financial markets have grown up to be a critically component of Vietnam s economic transition. This book provides some in-depth introduction and analysis of Vietnam s financial markets with emphasis on corporate debts and equity, gold and foreign exchange. It may be regarded as one of the most important contributions to the literature of Vietnam s financial economics, thus far. It contains original research results, which should benefit readers with interest in understanding the contemporary issues of Vietnam s economy, for either business or academic purposes. In addition, policy makers and international donors could also find its insights and implications useful; many of which are original and supported by empirical evidences.

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Vuong Quan-Hoang holds a Ph.D. from the University of Brussels, and has been economist at its Centre Emile Bernheim since 2004. Dr. Vuong is a widely published author in Vietnam´s monetary and capital markets. He currently heads up the research operation of Dan Houtte, Vuong & Partners (DHVP), an economic and business research firm based in Hanoi.

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