Open Access Open Access  Restricted Access Subscription or Fee Access

Impact of Fiscal and Monetary Policy on Economic Growth in Vietnam

Nguyen T.H., P.H. Ngo, T.V. Bui, V.S. Mai

Abstract



Since 1986, after over 30 years of implementation of "Doi Moi" policy, Vietnam has become one of the world’s high-growth economies. In the 2001-2010 period, the average GDP growth rate was 7.25%. From 2010 to 2015, the growth rate was slightly reduced to 5.90%, increasing in 2016 to 6.21% and again in 2017 to 6.7%. Vietnam's economic growth target for the period of 2016-2020 is 6.5% -7.0% (other goals include economic restructuring, renewal of the current growth model, sustainable development and reduction of the state budget deficit while not exceeding the public debt ceiling of 65% of GDP). The extent of the impact of monetary and fiscal policy therefore plays a vital role in promoting economic growth in Vietnam. This study will assess the role and impact of monetary and fiscal policy on Vietnam's economic growth from 2001 to 2017, drawing policy implications for reference in planning and policy implementation for the Government of Vietnam in the near future.

Keywords


Fiscal policies; Monetary policies; Economic growth, Doi Moi, Vietnam

Full Text:

PDF


Disclaimer/Regarding indexing issue:

We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.