Taking stock : an update on Vietnam's recent economic developments (English)

In late 2007 and early 2008, Vietnam was confronted with the economic overheating resulting from massive capital inflows. Attempts to sterilize these inflows were not able to prevent a boom in banking credit, an acceleration of inflation, a ballooning trade deficit and asset price bubbles. A determined reaction by the government from March 2008 onwards succeeded in stabilizing the economy and reducing the trade deficit to manageable levels. In the...
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Dinh,Viet Tuan; Rama,Martin G..

Taking stock : an update on Vietnam's recent economic developments (English). Vietnam Taking Stock Washington, DC: World Bank. http://documents.worldbank.org/curated/en/182891468320700693

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