Vietnam Macroeconomic Resilience Toward External Shocks

Nguyen Hong Son and Ly Hung

Working Papers from HAL

Abstract: The paper investigates the macroeconomic resilience of Vietnam economy toward external shocks. The research method combines qualitative analysis, using literature review to shed a light on current economy, with quantitative analysis, using a time-series sample of Vietnam over 1990-2021. The results record that the Vietnam economy can absorb the external shocks by a quite rapid recovery and stable economic growth over time. The external shocks, however, usually cause changes in growth orbit and associated undermine potential macroeconomic instability. Therefore, the public policy architecture needs to improve the macroeconomic resilience to translate the external shocks into the macroeconomic stability in the coming years.

Keywords: Resilience; External Shocks; Vietnam; E41; F36; E22 (search for similar items in EconPapers)
Date: 2022-10
New Economics Papers: this item is included in nep-sea
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