Financial turbulences in Vietnam’s emerging economy: Transformation over the 1991-2008 period

Abstract

Abstract: This study focuses on substantial changes that characterize the shift of Vietnam's macroeconomic structures and evolution of micro-structural interaction over an important period of 1991-2008. The results show that these events are completely distinct in terms of (i) Economic nature;(ii) Scale and depth of changes;(iii) Start and end results; and,(iv) Requirement for macroeconomic decisions. The study rejected a suspicion of similarity between the contagion of financial crisis in 1997-98 and economic chaos in the first half of ...