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Solvay Brussels School - Faculty Prof Dr Vuong Quan Hoang

Quan-Hoang Vuong

Associated Fellow

Contact address :

ULB zipcode : 145/01
Avenue F.D. Roosevelt 50
1050 Brussels
qvuong [at] ulb [dot] ac [dot] be

Contact address :

ULB zipcode : 100000
3/161 Thinh Quang, Dong Da
100000 Hanoi
hoang [dot] vuong [at] vuongassociates [dot] com

Main affiliations

Main Academic Affiliations:

  • Present: Finance, Comptabilité et Fiscalité, Centre Emile Bernheim, Université Libre de Bruxelles: Jan. 2004 – present.
  • Present: FSB, FPT University (Hanoi, Vietnam)
  • Past: Director of Research; HCMC Open University (Vietnam): 2007-2010.



Current: Vuong & Associates (Hanoi, Vietnam)
1996 – 2002: The World Bank Group/IFC (Washington D.C. / Hanoi)
1993 – 1995. ING Barings / ING Bank (Hanoi).

Scientific Activities and Professional Societies:

  • Member of the Hanoi Stock Exchange HNX-30 Equity Index Committee (2014-2016).
  • Member of Editorial Board. ASEAN Journal of Management and Innovation. (Stamford International University, Bangkok).
  • Member of the Hanoi Stock Exchange HNX-30 Equity Index Committee (2012-2014).
  • Member of Editorial Board. Economy and Forecast Review (a policy research publication started in 1967; currently under Vietnam's Ministry of Planning and Investment).
  • Western Finance Association (USA, 2000 – present).
  • Vietnam Society for Application of Mathematics (VN, 1999 – present, member of Executive Committee 2005-2010).
  • Game Theory Society (USA, since 2009).
  • Vietnam Bond Market Association (VN, 2011) – Research Advisor.

Member of



Ph.D. (ULB, Bruxelles, Belgium)

* Most recent book:

Bạch Ngọc Chiến & Vương Quân Hoàng. Bằng chứng cuộc sống: suy nghĩ về phát triển bền vững Việt Nam. NXB Chính trị Quốc gia Sự thật, Hà Nội, Việt Nam. Tháng 11-2015. ISBN: 978-604-57-2026-4 (English book title: Evidence of life: Some thoughts on sustainable development of Vietnam. Hanoi, Vietnam: National Political Publishing House. ISBN: 978-604-57-2026-4. Published: November 2015.)

Nancy K. Napier and Vuong Quan Hoang, 2013. What we see, why we worry, why we hope: Vietnam going forward. Boise, ID: Boise State University CCI Press. ISBN-13: 978-0985530587. ISBN-10: 0985530588.

Key fact

National Book Award 2007 (Vietnam Publishers Association)

National Journalism Award 2010 (Vietnam Journalists Association)

Member of Hanoi Stock Exchange's HNX 30 Index Committee (2012-16)

Editorial Board Member of the Economy and Forecast Review (2012-present) (A 49-year-old publication of Vietnam's Ministry of Planning and Investment)


Short bio

Senior Research Fellow, CEB (2004 to date)
Scopus Author ID 45161334600
Co-founder, Vuong & Associates (Hanoi, Vietnam)

International publications (selected):

(Full list of publications provided in résumé:

1. “A categorical data analysis on relationships between culture, creativity and business stage: the case of Vietnam.” International Journal of Transitions and Innovation Systems, Vol. 3, No. 1, pp. 4-24. [DOI: 10.1504/IJTIS.2013.056595] (2013; w. Nancy K. Napier)
 2. Business education in the emerging economy of Vietnam: twenty years of expectations, illusions, and lessons. In Eds. Ilan Alon, Victoria Jones, and John McIntyre (2013) Innovation in Business Education in Emerging Markets. New York: Palgrave Mcmillan (pp. 96-109). DOI: (2013)
 3. Serendipity as a strategic advantage. In T. Wilkinson (ed) Strategic Management in the 21st Century (Volume 1: The Operational Environment), pp. 175-199. Westport, CT: Praeger/ABC-Clio. [DOI: 10.13140/2.1.3311.952] (2013; w. Nancy K. Napier)
 4. Making creativity: The value of multiple filters in the innovation process. Int. Journal of Transitions and Innovation Systems, 3(4), pp. 294-327. DOI: 10.1504/IJTIS.2014.068306. (2014)
 5. [Critique de livre] Managers and Management in Vietnam: 25 Years of Economic Renovation. Pacific Affairs, 87(2), pp. 378-389. [pdf file: from ingentaconnect] (2014)
 6. Relationship between Innovations, Capital Expenditures and Post-M&A Performance: Evidence from Vietnam, 2005-2012. The IUP Journal of Business Strategy. Volume XI, Number 1, pages 34-41. (2014)
 7. Resource Curse or Destructive Creation in Transition: Evidence from Vietnam's Corporate Sector. Management Research Review 2014; 37(7): 642-657.
 8. A Merton model of credit risk with jumps. J. Statistics Applications & Probability Letters 2015; 2(2): 97-103. DOI: 10.12785/jsapl/020201.
 9. Acculturation and Global Mindsponge: An Emerging Market Perspective. Int J Intercultural Relations 2015; 49: 354-367. DOI:
10. Be rich or don’t be sick: Estimating Vietnamese patients’ risk of falling into destitution. SpringerPlus 2015; 4(1):529. DOI: 10.1186/s40064-015-1279-x ; PubMed:]
11. Creativity and entrepreneurial efforts in an emerging economy. Business Creativity and the Creative Economy 2016; 2(1): 35-46. [DOI: 10.18536/bcce.2016.]
12. “Vietnamese patients' choice of healthcare provider: In search of quality information”. Int J of Behavioural and Healthcare Research 2015; 5(3/4):184-212. DOI: 10.1504/IJBHR.2015.077678
13. Data on Vietnamese patients' behavior in using information sources, perceived data sufficiency and (non)optimal choice of healthcare provider”. Data in Brief 2016; 7: 1687-1695. DOI: 10.1016/j.dib.2016.04.066.
14. “Resources, experience and perseverance in entrepreneurs' perceived likelihood of success in an emerging economy”. Journal of Innovation and Entrepreneurship 2016; 5: Art. 18. DOI: 10.1186/s13731-016-0047-7.
15. Survey data on entrepreneurs’ subjective plan and perceptions of the likelihood of success. Data in Brief 2016; 6: 858-864. DOI:10.1016/j.dib.2016.01.034.
16. “Global Mindset as Integration of Emerging Socio-cultural Values through Mindsponge Processes: A Transition Economy Perspective,” in J. Kuada (ed.) Global Mindsets: Exploration and Perspectives. New York / London: Routledge (Taylor & Francis). ISBN: 978-1-13-883177-3. Google Books: (2016)
17. “Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship”. SpringerPlus 2016; 5(1): Art. #1189. DOI: 10.1186/s40064-016-2850-9.
18. “Data on Vietnamese patients' financial burdens and risk of destitution”. Data in Brief 2016; 9:543-548. DOI: 10.1016/j.dib.2016.09.040.
19. “Information expensiveness perceived by Vietnamese patients with respect to healthcare provider's choice”. Acta Informatica Medica 2016; 24(5): 380-383. DOI: 10.5455/AIM.2016.24.360-363.
20. “In Vietnam, Digital is Democratizing”. CIMA-NED, Nov. 14, 2016. URL: <>
21. “Empirical probabilities of (non)optimal healthcare choice conditional on socioeconomic status and time consumption”. Indian J Comm Health 2016; 28(3): 286-290.
22. “Determinants of firm performance in a less innovative transition system: exploring Vietnamese longitudinal data”. Int J. Transit. Innovat. Syst. 2016; 5(1): 20-45. DOI: 10.1504/IJTIS.2016.081557
23. “Medical expenses matter most for the poor: evidence from a Vietnamese medical survey”. Materia Socio Medica 2016; 28(6): 429-431.
24. “Whither voluntary communities of co-located patients in Vietnam? Empirical evidence from a 2016 medical survey dataset”. Indian J Community Health 2016; 28(4): 389-397.
25. “Health communication, information technology and the public’s attitude toward periodic general health examinations”. F1000Research 2016; 5: 2935 (doi: 10.12688/f1000research.10508.1)
26. “Relationship between past experience, social network participation and innovative capacity: Vietnamese entrepreneurship in transition”. Int J Transitions and Innovation Systems 2016; 5(3/4): 299-313. DOI:10.1504/IJTIS.2016.10004466
27. “Patients’ contribution as a quid pro quo for community supports? Evidence from Vietnamese co-location clusters”. Int J Business and Society 2017; 18(1): 189-210.
28. “Health insurance thresholds and policy implications: a Vietnamese medical survey in 2015”. Biomedical Research 2017; 28(4): 2432-2438.
29. “Academic research: The difficulty of being simple and beautiful”. European Science Editing 2017; 43(2):32-33. DOI:10.20316/ESE.2017.43.002.
30. “Economic benefits and treatment progress as determinants of the sustainability of Vietnamese voluntary co-located patients clusters”. J Public Health Research 2017; 6(1): Art. 788 (pp.10-17). DOI:10.4081/jphr.2017.788.
31. “Using YouTube videos to promote universities: a content analysis”. Technics Technologies Education Management 2017; 12(1):58-72.
32. “Learning healthcare needs when the body speaks: insights from a 2016 Vietnamese survey on general physical examinations”. Indian J Community Health 2017; 29(1):101-107.
33. “What makes Vietnamese (not) attend periodic general health examinations? A 2016 cross-sectional study”. Osong Public Health and Research Perspectives 2017; 8(2):147-154. DOI:
34. “Do economic conditions and in-kind benefits make needy patients bond together? insights from cross-section data on clusters of co-located patients in Vietnam”. Biomedical Research 2017; 28(12): in press.
35. “Medical insurance and expenditure thresholds for Vietnamese patient satisfaction with healthcare services”. Iranian Journal of Public Health 2017; 46(in press)
36. “Double edge experiences of expatriate acculturation: Navigating through personal multiculturalism”. Journal of Global Mobility 2017; 5(3):in press.
37. “The Vietnamese financial economy in an age of reform, 1986-2016”. Book chapter in Volz and Yoshino (Eds.) Routledge Handbook on Banking and Finance in Asia. London, UK: Routledge (T&F). 2017.
38 “Learning to love the reviewer”. European Science Editing 2017; 43(4): forthcoming.
39 “Gender, age, research experience, leading role and academic productivity of Vietnamese researchers in the social sciences and humanities: exploring a 2008-2017 Scopus dataset”. European Science Editing 2017; 43(3):forthcoming.


 * Updated as of September 21, 2015.

Selected works

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