Abstract
Abstract This chapter compares China’s and Vietnam’s participation in four key global financial institutions: the International Monetary Fund (IMF), the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO), and the Financial Action Task Force (FATF). It traces their participation from the beginnings of their respective economic reform and presents an evolutionary picture of their participation over the years. It explores whether China’s and Vietnam’s level of participation in these institutions have changed over time, and if so, what the factors are that enabled such change. Finally, the chapter investigates whether each country’s influence in global finance governance has changed over time, and if so, whether this influence is related to their increased participation in these four institutions.
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