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Vietnam : Transition to a Market Economy »
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
DOI: http://dx.doi.org/10.5089/9781557755384.084
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
The paper explores the pattern of transition of the Vietnamese economy, the policies that were applied, and the reasons for the country's success. In particular, it focuses on output performance; state-owned enterp...
I Overview »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
Vietnam today stands on the threshold of a new era in its international relations and economic development. After almost a decade of concerted efforts, its economy and finances have been substantially reform...
VII International Integration and Exchange Rate Policy »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
Faced with the problems associated with years of central planning and the prospect of declining trade with, and aid from, the CMEA, Vietnam turned to integrating its economy with the world economy and adopte...
VI Stabilization and Adjustment in the Presence of Currency Substitution »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
The circulation of the dollar alongside the domestic currency, the dong, has been a major characteristic of the Vietnamese economy since at least the early 1970s. Indeed, “currency substitution” or “dollariz...
IV Foreign Direct Investment »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
From the start of the transition, foreign direct investment (FDI) was expected to play a key role in upgrading the country’s infrastructure and productive capacity. It has indeed played that role. Disburseme...
II Output Performance in Transition »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
One of the most striking features of Vietnam’s transition to a market economy has been the resilience of output. The level of general economic activity never declined; there was only a temporary deceleration...
V Determinants of Inflation »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
Vietnam has had remarkable success in bringing inflation under control. In the wake of policies that the country has pursued, the increase in consumer prices declined from 394 percent in 1988 to 5 percent in...
III State-Owned Enterprise Performance »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
An unwieldy and loss-making state-owned enterprise sector has often been cited as playing a major role in impairing the performance of transition economies. Vietnam appears to be different. Indeed, with econ...
Statistical Appendix »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
Table A1. Ranking of Low-Income Countries According to Share of Industry in GDP, 1987,1...
Back Matter »
Source: Vietnam : Transition to a Market Economy
Series: Occasional Papers
Author(s): Krishna Srinivasan , Erich Spitäller , M. Braulke , Christian Mulder , Hisanobu Shishido , Kenneth M. Miranda , John Dodsworth , and Keon Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 1996
ISBN: 9781557755384
Keywords: exchange rate, inflation, foreign exchange, state enterprises, exchange rates
The paper explores the pattern of transition of the Vietnamese economy, the policies that were applied, and the reasons for the country's success. In particular, it focuses on output performance; state-owned enterp...