Abstract

The paper focuses on (1) discussing framework of ASEAN financial integration and initiatives, commitments made by member countries which include financial service and capital liberalization, financial market and payment system integration; (2) analyzing the actual situation of the Vietnam’s financial sector in relation to other ASEAN countries concerning the financial depth, bond and stock markets, banking activities and financial intermediaries, foreign capital flows and financial openness; and (3) presenting benefits and risks of the ASEAN financial integration process of Vietnam