Trong ngày nghỉ cuối tuần (đúng Chủ Nhật), cũng lại là ngày cuối cùng của năm 2023 (31-12), bài báo của chúng tôi (đồng tác giả còn có TS. Nguyễn Hồng Sơn của Văn phòng Trung ương Đảng, và TS. Nguyễn Minh Hoàng của ĐH Phenikaa) đã lên trang, và có thể truy cập toàn văn trên trang web của Tạp chí Cộng sản.

Excerpted from ‘The Vietnamese Social Sciences at a Fork in the Road’, Edited by Quan-Hoang Vuong and Trung Tran [1], with permission from the editors. The Vietnamese Social Sciences and Humanities at a Fork in the Road, utilizing an object-oriented structured database on the productivity of Vietnamese researchers, seeks to provide a comprehensive overview of the development of Social Sciences and Humanities in Vietnam from 2008 to 2018. The book can be ordered from De Gruyter Online or Amazon.

Vietnam has seen fast-rising debts, both domestic and external, in recent years. This paperreviews the literature on credit market in Vietnam, providing an up-to-date take on the domesticlending and borrowing landscape. The study highlights the strong demand for credit in both therural and urban areas, the ubiquity of informal lenders, the recent popularity of consumer financecompanies, as well as the government’s attempts to rein in its swelling public debt. Given thehigh level of borrowing, which is fueled by consumerism and geopolitics, (...) it is inevitable that theamount of debt will soon be higher than the saving of the borrowers. Unlike the conventional wisdom that creditors have more bargaining power over the borrowers, we suggest that—albeitlacking a quantitative estimation—when the debts pile up so high that the borrowers could not repay, the power dynamics may reverse. In this new politics of debt, the lenders fear to lose the money's worth and continue to lend and feed the insolvent debtors. The result is a toxic lending/borrowing market and profound lessons, from which the developing world could learn. (shrink)