IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Current Global Crisis, Fiscal Stimulus Package and Implication for Vietnam

Listed author(s):
  • Nguyen Ngoc Anh


    (Development and Policies Research Center, Vietnam)

  • Nguyen Duc Nhat


    (Development and Policies Research Center, Vietnam)

  • Nguyen Thang

    (Center for Analysis and Forecasting, Vietnam)

Registered author(s):

    In the year 2008 and the first half of 2009, the world witnessed the unfolding and heavy repercussions of the global financial crisis. Being a small open, FDI-reliant and export-dependant economy, Vietnam has not been spared from this external shock. The global crisis has led to the reduction of investments inflow, lower global commodity prices and trade. The government of Vietnam has acted quickly, easing both monetary and fiscal policies. It seems that the expansionary policy has worked in preventing the economy from falling further. Pursuing such an expansionary policy puts extra-ordinary pressure on the economy. Given the fragility of the situation, a premature withdrawal of stimulus could cause recovery to halt; at the same time, the continuation of expansionary macroeconomic policies could also raise inflationary and debt sustainability concerns. This paper intends to examine the impact of this global financial crisis on Vietnam economy and discuss the policy responses and their implications on the fiscal sustainability of the government.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by Development and Policies Research Center (DEPOCEN), Vietnam in its series Working Papers with number 10.

    in new window

    Length: 26 pages
    Date of creation: 2010
    Handle: RePEc:dpc:wpaper:1010
    Contact details of provider: Postal:
    Suite 305 - 307, 12 Trang Thi Street, Hoan Kiem, Hanoi

    Phone: 844-3935-1419
    Fax: 844-3935-1418
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:dpc:wpaper:1010. 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: (Doan Quang Hung)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.