@article{oai:nagoya.repo.nii.ac.jp:00007998,
 author = {LE, Anh Minh},
 journal = {国際開発研究フォーラム, Forum of International Development Studies},
 month = {Mar},
 note = {Since 1986, Vietnam has been implementing its transition from centrally planned economy to a market economy and has maintained an opening-up policy. Economic reforms on both demand side and supply side have largely contributed to successes of the economy. Since 1990, the economic development has been impressive, ever if Vietnam was strongly affected by the Asian Financial crisis in 1997-1998. The high economic growth was achieved in a stable macroeconomic situation. Inflation was kept within a controllable range. Undoubtedly, the macroeconomic policies have played an important role in stabilizing the economy in this period. As a consequence of its integration into the world economy and its economic reforms, Vietnam has benefited from inflows of foreign direct investment (FDI) and foreign trade expansion. Beside benefits from open door economic policy and economic integration, Vietnamese economy would face to more external shocks from its integration process. Joining WTO in 2007  creates both opportunities and challenges to the country and raised the need for suitable and flexible economic policies to sustain the economic development. The objective of this paper is to analyze the impacts of external shocks and short-term macroeconomic policies in Vietnam. These impacts are investigated by employed a macro-econometric model with the assumption of demand determined economy in the short term. Vietnamese economy’s model is constructed based on the data from 1986 to 2003. Some simulations of external shocks from world economy: and fiscal policy., monetary policy and exchange rate policy are analyzed in the model. Increase in world demand as a result of further accession of Vietnamese goods to the world markets brings a lot of benefit to Vietnamese economy. As a heavy import dependent economy, increase in import prices worsens the economy. Inflation rate increases fast while GDP deceases. Monetary policy has slightly impact on the economy while relaxation fiscal policy could help to promote the economic growth with small impact on inflation rate. Devaluation could help to promote growth however it leads to strong increase in inflation rate and worsens the trade balance.},
 pages = {193--214},
 title = {Macroeconomic Policy Analysis of Vietnam: A Macro-Econometric Model Approach},
 volume = {36},
 year = {2008}
}