Foreign Direct Investment and Vietnam's Current Account Deficit

M.J. Fry

Working Papers from University of Birmingham - International Financial Group

Abstract: Vietnam's current account deficit increased from less than 1% of GDP in 1992 to over 11% of GDP in 1996. This increased current account has been accompanied by a rapid acceleration in economic growth from 1% in 1990 to 9% in 1995 and 1996. Where the existing plans to finance only half of Vietnam's domestic investment programme averaging some 30% of GDP from national saving over the next five years realized, Vietnam's current account deficit would continue to rise, reaching about 15% of GDP by 2000. These projections raise the question of sustainability, the subject of this paper.

Keywords: DEFICIT; VIET NAM (search for similar items in EconPapers)
JEL-codes: H6 O40 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:birmif:97-02

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