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Viet Nam: Reform and Stabilization, 1986-1992

Author

Listed:
  • Erich Spitäller
  • Mr. Gabrielle Lipworth

Abstract

Viet Nam has made substantial progress in the transition to a market economy and toward financial stability since economic reform began in 1986. Piecemeal measures were adopted at first, followed by the launching of a bold and comprehensive program of structural reform in March 1989. Complemented by policies designed to achieve financial stabilization, the program met early success. Its continuation, however, was put at risk by the withdrawal of external financing by the former Soviet Union and the breakdown of preferential arrangements with the CMEA area. Although economic performance weakened temporarily in the wake of these shocks, the Vietnamese intensified the adjustment process. Viet Nam has since resumed its progress toward financial stability and sustained growth.

Suggested Citation

  • Erich Spitäller & Mr. Gabrielle Lipworth, 1993. "Viet Nam: Reform and Stabilization, 1986-1992," IMF Working Papers 1993/046, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1993/046
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    Cited by:

    1. Tran Tri Dung & Quan-Hoang Vuong, 2009. "A Note on Studies of Monetary Policy and Implementation in Vietnam," Working Papers CEB 09-024.RS, ULB -- Universite Libre de Bruxelles.
    2. Mai, Nhat Chi, 2016. "Monetary policies and the macroeconomic performance of Vietnam," OSF Preprints akzy4, Center for Open Science.

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