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Foreign Direct Investment and Vietnam's Current Account Deficit

Author

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  • Fry, M.J.

Abstract

Vietnam's current account deficit increased from less than 1% of GDP in 1992 to over 11% of GDP in 1996. This increased current account has been accompanied by a rapid acceleration in economic growth from 1% in 1990 to 9% in 1995 and 1996. Where the existing plans to finance only half of Vietnam's domestic investment programme averaging some 30% of GDP from national saving over the next five years realized, Vietnam's current account deficit would continue to rise, reaching about 15% of GDP by 2000. These projections raise the question of sustainability, the subject of this paper.

Suggested Citation

  • Fry, M.J., 1997. "Foreign Direct Investment and Vietnam's Current Account Deficit," Papers 97-02, University of Birmingham - International Financial Group.
    • Handle: RePEc:fth:birmif:97-02
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    More about this item

    Keywords

    DEFICIT ; VIET NAM;

    JEL classification:

    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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