DEVELOPMENT OF THE NATIONAL FINANCIAL SAFETY NET IN VIETNAM

Abstract

     After the world financial crisis in 2008, a lot of countries, including Vietnam, started to pay attention to setting up a financial safety net, in order to keep security for financial institutions specifically and financial systems generally. The paper analyzes the actual state of the national financial safety net in Vietnam and suggests measures to improve it, including: 1) setting up the model of national financial safety net; 2) building legal frameworks; 3) strengthening members' capacity;                    4) mechanism of warning and intervention; and 5) develop international cooperation