Determinant of financial inclusion - The case of Vietnam
Abstract
The paper conducts a study on the factors determine financial inclusion level in Vietnam based on The World Bank’s Global Findex. It states that unlike other Asian developing countries, gender is uncorrelated to the level of financial inclusion. Income and Education confirm the general positive relation with financial inclusion as indicated by previous studies. However, the paper finds that only individuals with lowest or highest education level and individuals as poorest and richest significantly affect financial inclusion while no significant relationships between middle class individuals and middle-level of education individual and financial inclusion are found. Lack of money is the main barrier to be Financial Exclusion.
Keywords: Financial Inclusion, gender, age, education, income.