During the first part of the year, Vietnam was confronted with the overheating created by massive capital inflows, resulting in accelerating inflation, a ballooning trade deficit, a real estate bubble and many investments of dubious quality. A determined reaction by the government, especially since March 2008, was successful at stabilizing the economy. In spite of surging world prices of food and oil, a tight monetary policy and some measure of fiscal...
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INFORMATION
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2008/12/05
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Document de travail
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46852
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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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Taking stock : an update on Vietnam's recent economic developments
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ratio of debt service to export
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