Highlights in Managing Monetary Policy of Vietnam in Post-Crisis Period

Bac Cong Truong, Phan Quan Viet, Vu Thi Kim Hanh, Ho Thi Phuong Thao, Le Huong Duong and Nguyen Ho Viet Anh

Journal of Asian Development, 2020, vol. 6, issue 1, 1-16

Abstract: This paper focuses on assessing highlights in the managing monetary policy in post-crisis period from 2011 to present in Vietnam in order to identifies key messages which helped Vietnam overcome the financial crisis 2007-2008 and keep the growth rate stably at high level, to be one of highest growth rate in the world. The research used aggregated methods, descriptive statistics and analysis based on World Bank, International Monetary Fund, Central Bank of Vietnam data sources. The results shown that the monetary policy in Vietnam in this period had a flexible transition in its management objectives, coordinated in close with fiscal policy to achieve macro goals, besides changing the regulatory mechanism by volume to operating with interest rates and combined with other operating tools more diverse.

Date: 2020
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