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UNIVERSITE PARIS 13 SORBONNE PARIS CITE

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UNIVERSITE PARIS 13 SORBONNE PARIS CITE

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE ENT IN VIETNAMThesis director: M. Dominique PLIHON,Professor emeritus at Universite Paris 13 Sorbonne Paris CiteDate of thesis defense: November 2017J

uly:Patrick BOISSELIER, Rapporteur, Professeur, Conservatoire des Arts et MetiersEsther JEFFERS, Suffragant. Professeure. Université de Picardie Jules UNIVERSITE PARIS 13 SORBONNE PARIS CITE

VerneDue Khuong NGUYEN. Rapporteur, Professeur à I PAG Business School de ParisSandra RIGOT, Suffragant, Maitre de conference, Université Paris 13 So

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

rbonne Paris CiteFactors affecting the microfmance development in VietnamACKNOWLEDGEMENTThe completion of this work cannot go without acknowledgement

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE University a successFirst and foremost. I would like to express my sincere thanks to Professor Dominique PLIHON. my thesis director who always encour

aged and tirelessly supported me to accomplish this work to this end. Words alone can't express my gratitude to him because he has always been there w UNIVERSITE PARIS 13 SORBONNE PARIS CITE

hen I needed help and guidance most, giving me his constructive comments and useful suggestions throughout my PhD studies.Secondly. I recognized my in

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

debtedness to Professor Gilles BROƯGERE. Directeur de 1'Ecole doctorale Erasm. Madame Anne PELLE. Vice-présidente de la Commission de la Recherche de

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE o private troubles.My PhD studies in France would have just remained a dream without obtaining sponsorship from the Government of Vietnam. To this eff

ect, I would like to take this opportunity to express my sincere gratitude to the Director of the Board of Vietnam Social and Science Academy.Vietnam UNIVERSITE PARIS 13 SORBONNE PARIS CITE

Economic Institution where I work as well as my colleagues there. They were always besides me. gave me the encouragement and the most favorable workin

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

g and studying conditions.Finally. I owe my deepest gratitude to my beloved family and friends for their moral and spiritual support I received during

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE e appearance of microfinance has been known as a remedy for many social ills rooted in poverty because of its efficacy in credit dispensation, social

equality enhancement and reduction of poverty. Millions of poor and non-bankable people in developing countries have been provided access to formal fi UNIVERSITE PARIS 13 SORBONNE PARIS CITE

nancial services through micro finance programs. However, the development of microfinance is not a single model for all country and microfinance insti

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

tutions (MFIs) have had various degree of sustainability. Many MFIs still face major constraints in their pursuit of effectively delivering micro fina

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE reasons for that inefficiency'?This thesis seeks to contribute to the current state of knowledge and research thoroughly on the development and the c

haracteristics of microfinance industry by investigating strategic factors affecting microfinance development in Vietnam context. It applies both qual UNIVERSITE PARIS 13 SORBONNE PARIS CITE

itative and quantitative research methods.We develop comparative analysis between financial innovation of Vietnam microfinance system and two other in

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

ternational benchmarks namely Grameen Bank in Bangladesh and the Bank Rakyat of Indonesia (BRI) to figure out what constraints limit the scale and sco

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIVERSITE PARIS 13 SORBONNE PARIS CITE tures in Vietnam context. Besides, empirical work is carried out using both OLS and GMM techniques to examine the impact of institutional environment

as well as macroeconomic factors on MFIs* profitability. The results present evidence on a dynamic role of profitability and economies of scale in mic UNIVERSITE PARIS 13 SORBONNE PARIS CITE

rofinance. Loan quality seems to be a very important determinant of MFI’s profitability in Vietnam. Our analysis also confirms the significant role of

UNIVERSITE PARIS 13 SORBONNE PARIS CITE

State level as well as the decisive role in self-innovation of microfinance institutions.Keywords: Microfinance. microfinance institutions, financial

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

UNIX ERSITE PARIS 13 SORBONNE PARIS CITEECOLE DOCTORALE ERASME, CEPNDOC TORAL SCIENCES ECONOMIQUESThu Trang BITFACTORS AFFECTING MICROFINANCEDEVELOPME

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