Deceleration of Inflation with Acceleration of Price Reform: Vietnam's Remarkable Recent Experience

Adrian Wood

Cambridge Journal of Economics, 1989, vol. 13, issue 4, 563-71

Abstract: Between mid-1988 and mid-1989, Vietnam greatly reduced a very high inflation rate at the same time as removing almost all administrative control over individual prices. This paper examines that experience, in relation to the quite different experiences of most other socialist countries. The question of how it was done in Vietnam is addressed at two levels: economic policy technicalities and political economy. Copyright 1989 by Oxford University Press.

Date: 1989
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