The Asian financial crisis and its influences on the economy of Vietnam | |
| Author | Luu Quoc Cuong |
| Call Number | AIT RSPR no. SM-99-104 |
| Subject(s) | Financial crises--Asia Vietnam--Economic conditions |
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | During the past decade Vietnam has made remarkable achievement in economic growth as well as poverty reduction. The average growth rate has reached 7-8 percent annually and per capita income has increased to US$ 300 in 1996 from barely US$ 100 in 1987. However. like other Asian countries, Vietnam has been seriously hit by the Asian financial crisis, happened in July 1997, and it seems that Vietnam is now facing a real coming tough period. This research examines the current economic situation of Vietnam in light of the Asian financial crisis, how much damage the crisis causes and what are the troubles Vietnam is coping with. Many internal weaknesses of the economy of Vietnam regarding to its stateowned enterprise sector, rural investment, banking system and trade regime are found. These weaknesses have become worsen by the crisis which has affected almost all the aspects of the economy. It is undoubted that without immediate actions, significant progress that was achieved over the past decade might be reversed and Vietnam will be put on the edge of a real cns1s. This research comes to conclusions that although the crisis does not cause a sudden shock to Vietnam, its negative spillover effects make the economic situation, which has been deteriorating sharply in recent years, become worsen. Radical measures are now badly needed to arrest further economic slowdown. Enhancing the efficiency of state-owned enterprise sector, improving banking service, reforming and expanding trade, and reinvigorating rural development, those measures should be put on the first agenda of the reform program. |
| Year | 1999 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S.; |
| Examination Committee(s) | Truong Quang; Swierzeck, Fredric William; |
| Scholarship Donor(s) | Government of Switzerland; |
| Degree | Research studies project report (M.B.A) - Asian Institute of Technology, 1999 |