IDEAS home Printed from https://ideas.repec.org/a/acl/journl/y2018id242.html
   My bibliography  Save this article

New Direction For External Borrowing Mobilization As A Development Financing Source Of The Socialist Republic Of Vietnam

Author

Listed:
  • Vu Cuong

    ()

Abstract

The paper firstly provides an overview of the country’s public debt status before looking in more detail on its external borrowings. By reviewing the regional experiences in mobilizing external loans for their development when these neighboring countries reached the LMIC status, the paper argues the key role of Official Development Assistance (ODA) in such countries not as filling the savings gap. Instead, it is to reduce the burden of importing essential capital good and technology during industrialization, given that ODA flows are significant to the size of the economy and consistent over time. The paper concludes with key lessons and recommendations for Vietnam in formulating its new strategy on external borrowings, including using oversea aid to relax the balance of payment constraint; using ODA to finance growth-enhancing projects; directing ODA flows to viable projects to enhance the country’s productive capacity; and developing transparent, consistent and predictable project selection system.

Suggested Citation

  • Vu Cuong, 2018. "New Direction For External Borrowing Mobilization As A Development Financing Source Of The Socialist Republic Of Vietnam," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова".
  • Handle: RePEc:acl:journl:y:2018:id:242
    DOI: 10.21686/2410-7395-2018-2-83-90
    as

    Download full text from publisher

    File URL: https://mttp.rea.ru/jour/article/viewFile/242/192
    Download Restriction: no

    References listed on IDEAS

    as
    1. W. D. McCausland & I. Theodossiou, 2016. "The consequences of fiscal stimulus on public debt: a historical perspective," Cambridge Journal of Economics, Oxford University Press, vol. 40(4), pages 1103-1116.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acl:journl:y:2018:id:242. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Латышов Рртём Ð’Ñ Ñ‡ÐµÑ Ð»Ð°Ð²Ð¾Ð²Ð¸Ñ‡). General contact details of provider: http://www.rea.ru/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.