Abstract
This special issue of ASEAN Economic Bulletin zeroes in on the challenges faced by one of the emerging ASEAN economies, Vietnam. Vietnam, which was hailed as a miracle economy in the recent years, came under severe pressure in 2008. Inflation rose, real estate market crashed, and stock market burst. It was in the second half of 2008, as the central bank’s policy measures came into play and global economies slowed, Vietnam could rein in its macroeconomic meltdown. Going into 2009, with external demand still showing no signs of recovery, Vietnam will face a slower growth. The paper further gives some policy options for Vietnam to restructure its economy and deliver good quality growth. Finally, the paper previews the articles contained in this special issue on Vietnam.
PDF