Vietnam Macroeconomic Fundamentals at International Integration: Literature Review and Implications for Stabilize Inflation Currently

Nền tảng Kinh tế Vĩ mô của Việt Nam trong Hội nhập Kinh tế Quốc tế: Tổng quan Nghiên cứu và Hàm ý Kiềm chế Lạm phát Hiện nay

Ly Hung, Pham Thanh Cong () and Tran Mai Trang ()
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Pham Thanh Cong: Vietnam Institute of Economics, Hanoi, Vietnam
Tran Mai Trang: Vietnam Institute of Economics, Hanoi, Vietnam

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Abstract: The paper analyzes the literature on the Vietnam macroeconomic fundamentals at international integration. The past results focus on the interaction of three main macroeconomic variables including the economic growth, inflation and VND/USD exchange rate, and their response to the external shocks from world economy. Then, the paper focuses on the policy implications to stablize inflation and stimulate economic growth within the current Covid-19 pandemic context. Accordingly, the policy makers need to anchor firmly the inflation expectation by clear and consistent signal with full commitment to fight against the inflation. At the same time, the fiscal and monetary policy needs to be combined so that the public investment is financed by issuance of government bonds with an appropriated quantity so that the interest rate is stabilized.

Keywords: Macroeconomics; International Integration; Quantitative Analysis; Literature Review (search for similar items in EconPapers)
Date: 2022-08
New Economics Papers: this item is included in nep-ban and nep-sea
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