The State Bank of Vietnam: A Snapshot of Monetary Policy during 2011-2013 in Reviews
The State Bank of Vietnam a snapshot of monetary policy during 2011 – 2013 in reviews
ABSTRACT:
Using the data and analytical works collected from a public domain which including printed and online newspapers, financial magazines and public reports on the monetary policy of the State
Bank of Vietnam during 2011 to 2013, this study provide a snap‐shot of the Vietnam Economy in the views of monetary policy. The students is also provides analytical works where these policy linkage to knowledge which obtain from Macro Economic subject
This paper prepared by
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Trịnh Quang Vinh
Nguyễn Tuấn Long
Đỗ Văn Kiên
Đoàn Phan Quang
Đinh Ngọc Khánh
Le Thi Thanh Hoa
under general guidance of Dr. Vu Pham Hai Dang – Lecture of University of Economics – Hanoi
National University. This paper prepared within a frame work of Macro Economic subjects of the MBA program of Benedictines University.
The paper was submitted on 26 January, 2014 for reviews.
BACKGROUND
Highlights
The world is facing a global economic crisis.
Vietnam in the context of world economic integration cannot avoid these influences. In the past three years, the economy of Vietnam has faced many difficulties such as high inflation, stagnant production, business enterprise shuts down and bankruptcy, real estate market has been frozen and so on. Remarkably, there were times when the annual Bank’s loan interest rates escalated to 22‐
24%, Vietnam Dong depreciated, the foreign exchange reserves were particularly low, and several commercial banks were liable to falling into risks due to the weakness of banking system. Meanwhile, the world market, which was so complex because of the debt crisis of several major economies and political unrest in many countries, also had negative impact on Vietnam economy. These
ABSTRACT:
Using the data and analytical works collected from a public domain which including printed and online newspapers, financial magazines and public reports on the monetary policy of the State
Bank of Vietnam during 2011 to 2013, this study provide a snap‐shot of the Vietnam Economy in the views of monetary policy. The students is also provides analytical works where these policy linkage to knowledge which obtain from Macro Economic subject
This paper prepared by
1.
2.
3.
4.
5.
6.
Trịnh Quang Vinh
Nguyễn Tuấn Long
Đỗ Văn Kiên
Đoàn Phan Quang
Đinh Ngọc Khánh
Le Thi Thanh Hoa
under general guidance of Dr. Vu Pham Hai Dang – Lecture of University of Economics – Hanoi
National University. This paper prepared within a frame work of Macro Economic subjects of the MBA program of Benedictines University.
The paper was submitted on 26 January, 2014 for reviews.
BACKGROUND
Highlights
The world is facing a global economic crisis.
Vietnam in the context of world economic integration cannot avoid these influences. In the past three years, the economy of Vietnam has faced many difficulties such as high inflation, stagnant production, business enterprise shuts down and bankruptcy, real estate market has been frozen and so on. Remarkably, there were times when the annual Bank’s loan interest rates escalated to 22‐
24%, Vietnam Dong depreciated, the foreign exchange reserves were particularly low, and several commercial banks were liable to falling into risks due to the weakness of banking system. Meanwhile, the world market, which was so complex because of the debt crisis of several major economies and political unrest in many countries, also had negative impact on Vietnam economy. These
References: Developments” Hanoi, December 2013 Economist Intelligence Unit, “Vietnam Country Report” January 24, 2014