Pro-growth Policies and Inflation in Vietnam in the Period of 2008-2011
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Authors
Duong, Minh
Issue Date
2011
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
In the last decade, Vietnamese economy has always been battling with inflation and
recently hyperinflation. Among many causes, the growth in credit activities of commercial banks
is what worsens the situation. In a caucus in December 2010, the Head of Central bank Giau
Nguyen plans a 23% credit growth for 2011. At the same time, the government chose monetary
policies that aimed at a 7% -7.5% growth rate target, a relatively high rate for a 100-billion-dollar-worth economy. Those policies soon turned out to worsen the inflation. Starting from
December 2010, Vietnam suffered a double-digit inflation, the highest in Southeast Asia and in
top five of the world. By the end of August 2011, the inflation rate in Vietnam passed 20% and
was the second highest in the world after Venezuela. What have caused inflation and what are
the right policies for Vietnam at this time? The answer to these two questions is the thesis of my
paper. Methodologies used in this paper include analysis on economic theories and concepts.
Materials used are journal articles, academic sources such as textbooks and experiences from
work.
Description
iii, 18 p.
Citation
Publisher
License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.