Download or read book Financial Markets in Vietnam s Transition Economy Facts Insights Implications written by Quan-Hoang Vuong and published by Dr. Vuong Quan Hoang. This book was released on with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Markets in Vietnam s Transition Economy written by Quan-Hoang Vuong and published by VDM Verlag. This book was released on 2010-02-10 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1986, Vietnam initiated its extensive economic reform program, known as Doi Moi, which saved the country - then in a devastating economic crisis - from a collapse. The introduction of market system has brought back substantial changes in both people's life and the national economy. Market mechanism, commercial institutions, private properties and capital goods ownership, free trade... have since come into existence. Gradually, financial markets have grown up to be a critically component of Vietnam's economic transition. This book provides some in-depth introduction and analysis of Vietnam's financial markets with emphasis on corporate debts and equity, gold and foreign exchange. It may be regarded as one of the most important contributions to the literature of Vietnam's financial economics, thus far. It contains original research results, which should benefit readers with interest in understanding the contemporary issues of Vietnam's economy, for either business or academic purposes. In addition, policy makers and international donors could also find its insights and implications useful; many of which are original and supported by empirical evidences.
Download or read book Fledgling Financial Markets in Vietnam s Transition Economy 1986 2003 written by and published by Dr. Vuong Quan Hoang. This book was released on with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book From Plan To Market written by Adam Fforde and published by Routledge. This book was released on 2019-03-13 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This clear and accessible text explores Vietnam's successful transition from neo-Stalinist central planning to a market economy—\"Vietnamese style.\" After describing the north Vietnamese system prior to 1975 and its colonial and precolonial antecedents, the authors uncover the mechanisms of that changeover. They contend that the Vietnamese transition was largely bottom-up in character and that it evolved over a long enough period for the country's political economy to adjust. This explains in part the rapid shift to a high-growth, externally oriented development path in the early 1990s, despite the loss of Soviet aid and the lack of significant Western substitutes until 1992-1993. Based upon extensive incountry experience, a wealth of primary materials, and wide comparative knowledge of development issues, the book challenges many preconceived notions, both about Vietnam and about the general nature of transition processes.
Download or read book Vietnam written by John Dodsworth and published by International Monetary Fund. This book was released on 1996-03-15 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 enterprises; foreign direct investment; determinants of inflation; dollarization and problems of economic management; international integration and exchange rate policy; growth and diversification of trade, trade reform, exchange reform, and exchange rate policy.
Download or read book Overview of the Capital Markets in Vietnam and Directions for Development written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank undertook a study project on Vietnam s capital markets and sent a mission to Vietnam from May 15 to May 27, 2005. This report is the result of the study project. The objectives of the project were to review, analyze and evaluate the situation of Vietnam s securities markets vis-a-vis experiences of other developing countries, including transition economies; to work with the officials of the State Security Commission of Vietnam (SSC), to make specific recommendations for a five-year plan of Vietnamese capital market development in light of policy implementation sequence and priorities; to make suggestions on the draft of the Action Plan for Securities Market Development for the period of 2006-2010 and comment on the Prime Minister's Decision No 163 on the Strategy for the Development of Vietnam's Securities Market up to year 2010; and to identify desirable capital market-related projects and programs to be administered by the Bank in line with Vietnam's overall economic development strategy. This report is organized as follows: Sections 2 and 3 will overview Vietnam's macroeconomic situation and the financial markets in Vietnam. Section 4 will examine SOE equitization, foreign direct investments, and private sector development. Section 5 will review the operation of Vietnam s capital markets in terms of their regulatory framework and activities. Section 6 will explore two principal impediments to Vietnam's capital market development, namely its nascent government securities market and its inactive primary market. Section 7 will discuss the policy and institutional problems that have been adversely affecting the whole financial sector in Vietnam. Finally, Section 8 will recommend policy actions to be implemented under the five-year plan of Vietnamese capital market development.
Download or read book The Vietnamese Economy and Its Transformation to an Open Market System written by William T. Alpert and published by Routledge. This book was released on 2020-04-03 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: These previously unpublished papers by leading American and Vietnamese economists analyze the dramatic transformation of Vietnam's economy during the 1990s and its prospects for the future. The three main sections of the book discuss Vietnam's turbulent history, recent economic reforms, and the country's emerging role in the world economy and geopolitics. The contributors examine a myriad of issues, including specific reforms in agriculture, banking, and tax policy, as well as the attempts to create a business-oriented legal infrastructure, the development of foreign trade and a viable balance of payments, and U.S. policy reactions to Vietnam's rapid development in the last decade.
Download or read book Vietnam Transition to a Market Economy written by J. R. Dodsworth and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Vietnam s Reforms and Economic Growth written by C. Harvie and published by Springer. This book was released on 1997-09-30 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vietnam's bold economic reforms initiated under the title of Doi Moi in 1986 have produced spectacular economic outcomes which have fascinated economists, business people, commerce students, political scientists and government advisors alike worldwide. This book surveys important aspects of these developments, analyses the main contributing factors, provides useful references on developing and transitional economies, and details soundly researched prospects in trade, investment and business in this new rapidly developing market economy in East Asia.
Download or read book Vietnam s Monetary Policy and Implementation A Brief Survey written by and published by Dr. Vuong Quan Hoang. This book was released on with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutions in Transition written by Lisa Román and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: "If you want to become a doctor, practice in a war; if you want to become an economist, practice in Vietnam". 1 Phan Van Tiem Vietnam is one of many countries presently undergoing fundamental institutional change: the market mechanism is replacing central planning. So far, the achievements are impressive. In the mid-1980s, the country failed to feed its population, suffered from hyperinflation and faced general economic stagnation. In the early 1990s, the annual economic growth rate had accelerated to some eight to nine percent, the inflation rate had fallen to two-digit levels - sometimes even lower - and the country had become one of the world's largest rice exporters. Add some more details - the increased foreign trade, the inflow of foreign investments, the diversification of agriculture, and ~e various reform measures taken to alter the basic economic structure - and the success story of the Vietnamese transition is told. The country has hence followed the same path as its northern neighbor China, and provided a counterexample to much more cumbersome processes that have been adopted in a number of other transforming countries, notably those of the former USSR. This transition is by no means over. Indeed, it is misleading to think of transition as a process that departs from a well-defined pre-condition and moves towards an equally well defined end-point.
Download or read book Awakening the Market written by Danny M. Leipziger and published by World Bank Publications. This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay considers the basic issues facing transitional socialist economies, including price reforms, enterprise and financial sector reforms, and institutional changes relating to the role of government. Using Viet Nam as the case in point, it identifies the key constraints facing governments seeking to move rapidly to the market system. Although Viet Nam is only on its third year of reform, it has achieved a number of successes, prominant among which are almost complete price decontrol and a flexible exchange rate. The essay addresses a number of specific concerns facing Viet Nam. Among these are links between enterprise and banking form, issues of decentralization, industrial policy, changes in ownership and private sector development, and issues of social justice. The objectives of this paper are to: (i) inform a broad readership about the bold economic reform program being undertaken without international assistance in Viet Nam; (ii) to identify for the authorities key bottlenecks and future issues to be addressed; (iii) to constrast where possible this experiment vis-a-vis reform programs in other countries; and (iv) to begin the process of generalizing lessons from these cases so as to better understand the transformation process itself.
Download or read book Finance in Transition written by Weltbank and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Vietnamese economy has done well in 2019. In the context of increasing global uncertainty,Vietnam will most certainly be among the fastest growing economies in the world, with a GDP growth rate of approximately 6.8 percent. This rate is almost three times faster than the world average (2.6 percent) and 1.2 percentage points higher than the average in East Asia and Pacific, according to the latest estimates from the World Bank's Global Economic Prospects. This robust growth performance was attained thanks to the contribution of two key factors: export growth and domestic demand from households and firms. The first factor reflects the performance of the exports sector, growing by about 8.4 percent between January and September 2019, which is lower than in the recent past (15.8 percent in the same period in 2018), but three times higher than the global average. However, this expansion can be short-lived as it captures to some extent the diversion of Chinese exports toward Vietnam due to the trade tensions between China and the UnitedStates. As a matter of fact, the value of exports toward non-U.S. markets increased by only 3.8percent in 2019. The second contributing factor reflects the rapid expansion of the middle class, as the number of people living on more than US 15 Dollars per day increases by about 1 million every year. The demand of the burgeoning middle class has been met to a great extent by purchases of foreign products, as the imports of consumption goods have been rising by about 15 percent per year since 2015. The contribution of exports and private demand to GDP growth has allowed the government to maintain its prudent fiscal and monetary policies. On the fiscal front, the authorities have managed to reduce their fiscal deficit (down by 0.1 percent of GDP) due to higher-than-expected revenues and a very low execution of capital investment expenditures; the latter has been persistently low since 2015. As a result, the debt-to-GDP ratio (the Ministry of Finance's definition) is estimated to have declined from 58.4 to 56.1 percent from 2018 and 2019. The authorities have thus been able to rebuild additional fiscal space by reducing public borrowing by almost 8 percentage points of GDP since 2016, though lower capital spending has also depressed potential growth.
Download or read book The Politics and Economics of Transition to an Open Market Economy in Viet Nam written by James Riedel and published by . This book was released on 1999 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Issues of Transitional Economy in Vietnam written by Nguyen Tan Phat and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transitional economies that are recognized as a motivation for the modern world but are of potential challenges hardly to be overcome is the center of the global attraction. This book aims to introduce readers the model of transitional market economy in Vietnam with reforms, achievements and challenges about issues of poverty, land, energy, industry and opens up wider issues of financial corruption and model of non-traditional market economy as Brics. It is hoped that this book will help international readers understand Vietnam - a representative for the transitional market economy - a crucial part in the research of economic model of the current world.
Download or read book From Plan to Market written by Adam Fforde and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Vietnam s Economic Transition written by Thi Nhiem Phan and published by ICFAI Books. This book was released on 2006 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Read this book to trace the events that shape the history of Vietnams economy. Beginning with the economic reforms under Doi Moi in 1986, the country did well in agriculture and industry, but this progress was marred by the Asian financial and economic cr
