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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DETAILS
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2009/06/09
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Working Paper
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48856
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1
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1
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2010/07/01
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Disclosed
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Diem lai : bao cao cap nhat tinh hinh phat trien kinh te Viet Nam
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additional financing
Citation
Dinh, Viet Tuan; Rama, Martin.
Taking stock : an update on Vietnam's recent economic developments : Diem lai : bao cao cap nhat tinh hinh phat trien kinh te Viet Nam (Vietnamese). Vietnam Taking Stock Washington, DC: World Bank. http://documents.worldbank.org/curated/en/346851468338403902