Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam
Background: Economic security, mainly financial and monetary security, is an integral component of national security. It facilitates the sustainable development of the national economy and addresses the country's demands. It enhances job opportunities and can adapt flexibly and efficiently to...
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| Language: | English |
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Department of Mass Communication, University of Nigeria
2024-12-01
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| Series: | Ianna Journal of Interdisciplinary Studies |
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| Online Access: | https://iannajournalofinterdisciplinarystudies.com/index.php/1/article/view/477 |
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| author | Phan Thi Linh |
| author_facet | Phan Thi Linh |
| author_sort | Phan Thi Linh |
| collection | DOAJ |
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Background: Economic security, mainly financial and monetary security, is an integral component of national security. It facilitates the sustainable development of the national economy and addresses the country's demands. It enhances job opportunities and can adapt flexibly and efficiently to variations in the global context.
Objective: The study aims to explore the key factors influencing financial and monetary security in Vietnam. Besides, the author proposed policy recommendations for fostering financial and monetary security.
Methodology: The author conducted a group discussion with 30 managers with doctoral degrees in economic and financial management, quantitative methods, and primary data collected directly from the sample size of 500 economic experts from five major cities in Vietnam, using a random sampling technique and online survey and applied structure model.
Result: The results show that five key factors affect financial and monetary security with a significant level of 0.01, with which fiscal and monetary policies strongly impact. The five factors are, fiscal and monetary policy (FMP), bank risk management (BRM), legal and regulatory environment (LRE), economic and political stability (EPS) and Inflation and exchange rates (IER).
Conclusion: Financial and monetary security are essential for Vietnam's sustainable development, especially in a volatile world.
Unique Contribution: Financial and monetary security plays an important role and is very significant for the current economy, especially for the sustainable development of a country, especially in Vietnam.
Key Recommendation: Based on the research results, Vietnam needs to implement flexible and proactive fiscal and monetary policies and promote sustainable public debt restructuring, improve debt management efficiency, strengthen risk management, and proactively adapt to the trend of decentralisation and integration in the global financial system.
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| format | Article |
| id | doaj-art-59358f366cb74af68352db2321ddfd78 |
| institution | DOAJ |
| issn | 2735-9883 2735-9891 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Department of Mass Communication, University of Nigeria |
| record_format | Article |
| series | Ianna Journal of Interdisciplinary Studies |
| spelling | doaj-art-59358f366cb74af68352db2321ddfd782025-08-20T02:39:59ZengDepartment of Mass Communication, University of NigeriaIanna Journal of Interdisciplinary Studies2735-98832735-98912024-12-0171Key Factors Influencing Financial and Monetary Security: A Case Study in VietnamPhan Thi Linh0https://orcid.org/0009-0004-9781-6360Ho Chi Minh University of Banking (HUB), Ho Chi Minh City, 84, Vietnam Background: Economic security, mainly financial and monetary security, is an integral component of national security. It facilitates the sustainable development of the national economy and addresses the country's demands. It enhances job opportunities and can adapt flexibly and efficiently to variations in the global context. Objective: The study aims to explore the key factors influencing financial and monetary security in Vietnam. Besides, the author proposed policy recommendations for fostering financial and monetary security. Methodology: The author conducted a group discussion with 30 managers with doctoral degrees in economic and financial management, quantitative methods, and primary data collected directly from the sample size of 500 economic experts from five major cities in Vietnam, using a random sampling technique and online survey and applied structure model. Result: The results show that five key factors affect financial and monetary security with a significant level of 0.01, with which fiscal and monetary policies strongly impact. The five factors are, fiscal and monetary policy (FMP), bank risk management (BRM), legal and regulatory environment (LRE), economic and political stability (EPS) and Inflation and exchange rates (IER). Conclusion: Financial and monetary security are essential for Vietnam's sustainable development, especially in a volatile world. Unique Contribution: Financial and monetary security plays an important role and is very significant for the current economy, especially for the sustainable development of a country, especially in Vietnam. Key Recommendation: Based on the research results, Vietnam needs to implement flexible and proactive fiscal and monetary policies and promote sustainable public debt restructuring, improve debt management efficiency, strengthen risk management, and proactively adapt to the trend of decentralisation and integration in the global financial system. https://iannajournalofinterdisciplinarystudies.com/index.php/1/article/view/477Fiscal monetary policyeconomic securityfinancialbank risk management |
| spellingShingle | Phan Thi Linh Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam Ianna Journal of Interdisciplinary Studies Fiscal monetary policy economic security financial bank risk management |
| title | Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam |
| title_full | Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam |
| title_fullStr | Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam |
| title_full_unstemmed | Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam |
| title_short | Key Factors Influencing Financial and Monetary Security: A Case Study in Vietnam |
| title_sort | key factors influencing financial and monetary security a case study in vietnam |
| topic | Fiscal monetary policy economic security financial bank risk management |
| url | https://iannajournalofinterdisciplinarystudies.com/index.php/1/article/view/477 |
| work_keys_str_mv | AT phanthilinh keyfactorsinfluencingfinancialandmonetarysecurityacasestudyinvietnam |