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Major policy agenda and policy responses toward a globalized market economy for Vietnam

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Frame of Image tute(KDI) Supported by: Ministry of Finance and Economy(MOFE), Republic of Korea Review committee: Nyum Jin, Chairman, Professor, Sogang University and Former Deputy Prime Minister of MOFE Jong-Chan Choi, Professor, Hanyang University and Former Minister of Ministry of Construction and Transportation Kyung-Hoon Lee, Professor, Seoul National University Dong-Kyu Shin, President, Korea Eximbank Seung Ho, Former Ambassador of Korea to Geneva Project Director: Jong-Chan Choi, Professor, Hanyang University and Former Minister of MOCT Project Manager: HeeYhon Song, Professor, Incheon University Authors: Chapter1: Shin-Il Kang, Professor, Hansung University Chapter2: Jaemin Lee, Professor, Hanyang University Chapter3: Chonghoon Rhee, Professor, Myongji University Chapter4: Ehung Gi Baek, Professor, Sangmyung University Chapter5: Seung-ho Sohn, Senior Deputy Director, Korea Eximbank Chapter6: Eungho Ahn, Director, Korea Eximbank Editor: Sang-Woo Nam, Senior Research Fellow, Asian Development Bank Managed by: International Development Exchange Program(IDEP), KDI School Ji-Hong Kim, Associate Dean, Center for Knowledge Cooperation Gil-Sang Won, Director Soo-Kyoung Jeong, Research Associate Seung-Woo Jung, Research Associate Government Publications Registration Number 11-1190000-000116-01 ISBN 89-91765-01-7-93320 Copyright 2005 by Ministry of Finance and Economy, Republic of Korea
Preface
Since the “Doi Moi” process started in 1986, the Vietnam economy has achieved a fast economic growt


Full Text
Title Major policy agenda and policy responses toward a globalized market economy for Vietnam
Similar Titles
Project Category Consulting Programs
Material Type Reports
Author(English)

Kang, Shin-Il; Lee, Jaemin; Rhee, Chonghoon; Baek, Ehung Gi; Sohn, Seung-ho et al.

Publisher

[Seoul]:Korea Development Institute

Date 2005
Project Consulting Programs
Series Title; No Knowledge Sharing Project
ISBN 89-91765-01-7-93320
Pages 305
Subject Country Vietnam(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Holding Korea Development Institute
Recipient Country Vietnam(Asia and Pacific)
Donor Country South Korea(Asia and Pacific)
Supervisor Korea Development Institute
Organizer Korea Development Institute
Sponsor Ministry of Finance and Economy

Abstract

Since the “Doi Moi” process started in 1986, the Vietnam economy has achieved a fast economic growth of 6~7% per annum except during the period of the ‘Asian Financial Crisis’ in 1998. Meantime, inflation and exchange rates have been stabilized, and the ratio of current account deficit to GDP is sustained at around 4% since 2004. Unrequited transfer as a major credit source of current account is around 5% of GDP and it shows an increasing trend. Meanwhile direct investment as a major source of capital inflow is about 4% of GDP. Total external debt dropped to 36.4% in 2004, which was 329% in 1989. The international reserve of Vietnam retains imports of 2 months, but at least 3 months of imports is advisable. The fiscal deficit should be kept at a rate less than 5% and Vietnam currently maintains a rate around 4%. (The rest omitted)