Nguyen Hien

Since the subsidised economy was substituted by privatisation in 1986, family became the main source of support for the majority of Vietnamese elderly. Traditionally, old aged parents live under the same roof with their adult children, so that they can be looked after. Recently, the process of modernisation of its economy with the focus on urban areas in Vietnam has pushed young rural generations away from home and torn rural families apart. Scholars and experts have tried to understand if that movement is having any impact on the left-behind parents. However, the majority of the existing studies used secondary data, and quantitatively tested only the economic aspects. Other aspects of life of the left-behind elders attracted a limited amount of research. The voice of those left-behind elderly parents was also underestimated, and often not heard. This study utilised a qualitative approach and drew on the voice of those insiders, whose children had migrated to urban areas for employment. It explores the wellbeing of rural elderly individuals, not only the material aspects, but also emotional and physical care.

Vietnam continuously liberalizes the financial market as a requirement for its accession to the World Trade Organization in 2007. This paper discusses the foreign investors’ expectation and their experience when penetrating into Vietnam’s market. The role of the foreign entrants is also assessed. By synthesizing and analyzing relevant research and reports, several important insights are discovered. Firstly, the presence of foreign investors and banks improves market competition, efficiency, and stability. Wholly and partly foreign-owned banks provide the spillover effects in management quality, in the introduction of world standard banking products and services, and in the application of information technology. Secondly, by looking into the foreign owned banks, it is found that the banks’ foreign investors are not likely to play an influential role in managing the banks they invested in. The motive of the investors to control the invested companies leads to their decision of holdings withdrawing.