Formal and Informal Rural Credit in Four Provinces of Vietnam
基于932户农村家庭调查，分析越南农村信贷市场中正规与非正规贷款的不同用途、需求决定因素及信贷配给，指出区域差异显著，不宜采用统一信贷政策。
Abstract This paper uses a survey of 932 rural households to uncover how the rural credit market operates in 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. 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.