Article - Problems of Modern Economics

Pisarenko Zh. V.
Assistant Professor, Chair of Risk Management and Insurance, Department of Economics, St. Petersburg State University, PhD (Economics), Professor
Kuznetsova N. P.
Chair of Risk Management and Insurance, Department of Economics, St. Petersburg State University, PhD (Economics), Professor
Nguyen Canh Toan
Vietnam Academy of Social Sciences (Hanoi), PhD (Economics), Professor

Implementation of the eco-system approach and the change of the regulation model on the financial market of Vietnam (Russia, St. Petersburg; Vietnam, Hanoi)

In the context of the rapid development of information technologies, the eco-system thinking turns into a most valuable competence, since it allows to unify the online and the offline “worlds.” Successful functioning of the new synthetic institutions requires, first of all, technological decision, developed by companies in the sphere of financial technologies. Development of convergence processes, which led to a revolution on the financial markets of various countries and regions of the world, as well as to the emergence of the new institutionalized forms of eco-system financial conglomerates, is also visible in the countries with transition economies. Vietnam’s financial market, dynamically developing under the impact of digital transformation, occupies a special position among the latter.

Key words: financial convergence, financial mega-conglomerate, financial eco-system, regulation of Vietnam’s financial market

Pages: 119 - 123

Статья написана при поддержке РФФИ Проект № 21-510-92001

Список использованных источников:
1. Дорошенко С.В., Шеломенцев А.Г. Предпринимательская экосистема в современных социо-экономических исследованиях // Журнал Экономической теории — 2017. — № 4 http://www.uiec.ru/content/zhurnal2017/JET417/19iDoroshenko.pdf
2. Конопатов С.Н. Салиенко Н.В. Анализ бизнес-моделей на основе платформ // Научный журнал НИУ ИТМО. Серия Экономика и экологический менеджмент — 2018. — № 1.
3. Кузнецова Н.П., Писаренко Ж.В. Формирование механизма страхового посредничества в финансовых конгломератах // Вестник Санкт-Петербургского университета. Экономика. — 2011. — № 4. — С. 76–87.
4. Писаренко Ж.В. Формирование экосистемных финансовых конгломератов (на примере Китая) // Страховое дело. — 2020. — № 5 (288). — С. 2–13.
5. Халин В.Г., Чернова Г.В., Калайда С.А. Экономические экосистемы и их классификация // Управленческое консультирование. — 2021. — № 2. — С. 38–54.
6. Almeida H.V., Wolfenzon D. A theory of pyramidal ownership and family business groups // Journal of Finance. 2006. N 61. P. 2637–2680.
7. Cornelli, G., Frost, J., Gambacorta, L., Rau, R., Wardrop, R. and Ziegler, T. (2020), “Fintech and big tech credit: a new database”, BIS Working Papers, No 887, BIS, September.
8. Crisanto, J.C., Ehrentraud, J. and Fabian, M. (2021), “Big techs in finance: regulatory approaches and policy options”, FSI Briefs, No 12, Financial Stability Institute, March.
9. Developing a FinTech Ecosystem in Vietnam: Opportunities and Challenges for Startups / Van Thien Hao SHS Web of Conf., 89 (2020) 04001 DOI: https://doi.org/10.1051/shsconf/20208904001 https://vietnam.acclime.com/news-insights/the-fintech-ecosystem-in-vietnam-significant-room-for-growth/
10. Financial Stability Board (2020), “BigTech firms in finance in emerging market and developing economies”, October.
11. Government of Viet Nam. 2016. Decree No. 60/2015/ND-CP that Sets Foreign Ownership Limits in Vietnamese Enterprises.
12. https://vietnam.acclime.com/news-insights/fintech-in-vietnam-market-access-and-conditions/
13. https://vietnam.acclime.com/news-insights/the-fintech-ecosystem-in-vietnam-significant-room-for-growth/
14. https://www.ecb.europa.eu/press/key/date/2021/html/ecb.sp211008~3c37b106cf.en.html
15. https://www.statista.com/statistics/1253693/vietnam-number-of-mobile-apps-downloaded/
16. https://www.statista.com/statistics/1253710/vietnam-mobile-apps-usage-by-category/
17. Pisarenko Zh. Financial conglomerate identification by financial markets regulators: case of developed and emerging market economies / Pisarenko, Zh., Kuznetsova, N. & Lobanova, L. 2018 10th International Scientific Conference „Business and Management 2018“, Conference Proceedings. Vilnius: Vilnius Gediminas Technical University, 2018 pp. doi.org/10.3846/bm.2018.49
18. Pisarenko Zh., Nebolsina E. Transformation of a Traditional Financial Conglomerate into a Financial Ecosystem. Chapter 7. Monograph «Post-Industrial Society». Springer. 2020. DOI: 10.1007/978–3–030–59739–9_7
19. The 11th BIS Research Network meeting “Regulating big tech: between financial regulation, anti-trust and data privacy”, held on 6–7 October 2021.; Restoy, F. (2021), “Fintech regulation: how to achieve a level playing field”, Occasional Paper, No 17, Financial Stability Institute, February.
20. Truong Thinh Pham and Aimee Hampel-Milagrosa. VIET NAM’S ECOSYSTEM FOR TECHNOLOGY STARTUPS JULY 2022. DOI: http://dx.doi.org/10.22617/TCS220294–2 https://www.adb.org/sites/default/files/publication/807121/viet-nam-ecosystem-technology-startups.pdf
21. Van, Thien Hao. (2020). Developing a FinTech Ecosystem in Vietnam: Opportunities and Challenges for Startups. SHS Web of Conferences. 89. 04001. 10.1051/shsconf/20208904001.
22. VIETNAM — Workshop on the Financial Conglomerates Supervision https://luxdev.lu/fr/news/show/2018–09–26
23. Walsh, K. Regional capability emergence in an entrepreneurial ecosystem(Article) Volume 8, Issue 3, 2 September 2019, Pages 359–383. University College Dublin, Dublin, Ireland

Article in russian

Back to the issue content


Copyright © Problems of Modern Economics 2002 - 2024