Regulation of rotating credit and savings associations in Vietnam
From: Sidel, Mark <mark-sidel@uiowa.edu>
Date: 2008/6/23
To: vsg@u.washington.edu
Cc: Adam McCarty <adam@hn.vnn.vn>
Dear colleagues,
A somewhat specific question, which a longtime colleague who is not a Vietnam specialist has asked me.
Are the Vietnamese informal rotating credit and savings associations (known in the academic and microfinance world as Roscas, and I believe as hoi and by other terms in Vietnamese domestic and emigre communities) regulated in Vietnam? By law governing credit institutions, and/or cooperatives, or other rules? My colleague has heard that there is new law or regulation in Vietnam on the informal credit and savings mechanisms, but it is unfortunately not a field of law in which I've worked.
If anyone has any ideas about this, I'd be delighted to hear off-screen and to pass along any information.
Thanks and best wishes.
Mark
Mark Sidel
Professor of Law and Faculty Scholar
Lauridsen Family Fellow
University of Iowa
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From: Hue-Tam Ho Tai <hhtai@fas.harvard.edu>
Date: 2008/6/23
To: Vietnam Studies Group <vsg@u.washington.edu>
Mark:
Here is a link on "hui" that seems to address your colleague's query (and btw, congratulations on the human rights award!)
Hue-Tam Ho Tai
http://www.vietnamnet.vn/xahoi/doisong/2006/12/639541/