Journal articles: 'Exchange rate policy Vietnam'

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Phuc, Nguyen Tran, and Nguyen Duc-Tho. "Exchange Rate Policy in Vietnam, 1985–2008." ASEAN Economic Bulletin 26, no. 2 (2009): 137. http://dx.doi.org/10.1355/ae26-2a.

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Vo, Duc Hong, Anh The Vo, and Zhaoyong Zhang. "Exchange Rate Volatility and Disaggregated Manufacturing Exports: Evidence from an Emerging Country." Journal of Risk and Financial Management 12, no. 1 (January 9, 2019): 12. http://dx.doi.org/10.3390/jrfm12010012.

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The link between export performance and exchange rate policy has been attracting attention from policymakers, academics, and practitioners for some time, particularly for emerging countries. It has been recently claimed that implementing a policy that devalues the currency in Vietnam is an important factor for enhancing its export performance. However, it is also argued that such a policy could result in the harmful consequence of exchange rate volatility. This study analyzes the link between exchange rate devaluation, volatility, and export performance. The analysis focuses on the manufacturing sector and 10 of its subsectors that were engaged in the export of goods between Vietnam and 26 key export partners during the 2000–2015 period. Potential factors that could affect this relationship, such as the global financial crisis, Vietnam’s participation in the World Trade Organization, or even the export partners’ geographic structures, are also accounted for in the model. The findings confirm that a strategy that depreciates Vietnam’s currency appears to enhance manufacturing exports in the short run, whereas the resulting exchange rate volatility has clear negative effects in the long run. The impact of exchange rate volatility on manufacturing subsectors depends on two factors, namely, (i) the type of export and (ii) the export destination. Policy implications emerging from these conclusions are presented.

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Nga, Nguyen Thi Viet. "Monetary policy, exchange rate, renewable energy and economic growth: An empirical analysis of Vietnam." Accounting 7, no. 6 (2021): 1315–24. http://dx.doi.org/10.5267/j.ac.2021.4.007.

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The aim of this study is focused on how monetary, energy consumption and other factors affect economic growth of the country of Vietnam. Based on collected secondary data covering from the World Bank and Vietnam’s General Statistics Office from 1985 to 2019, and some data collected from the State Bank of Vietnam, Vector Autoregressive Model was considered to apply in order to investigate this relationship. Results show that there exists an association among monetary policy, renewable energy and the country’s economic growth. Especially, the country’s exchange rate shows no influence on its economic growth while interest rate has negative effects and particularly money supply and renewable energy have a positive influence on the same direction and has a strong impact on economic growth.

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Bui, Minh. "Causality in Vietnam’s Parallel Exchange Rate System during 2005–2011: Policy Implications for Macroeconomic Stability." Economies 6, no. 4 (December 12, 2018): 68. http://dx.doi.org/10.3390/economies6040068.

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As in many transition economies, Vietnam has experienced a multiple exchange rate system with three exchange rates having co-existed. This paper uses the Vector-Error-Correction model and the Granger tests to investigate the relationship between the official and black market exchange rates from January 2005 to April 2011. The results confirm a long-run relationship between the official and parallel market rates of the Vietnam dong against the U.S. dollar. The short-run dynamics of two exchange rates suggest that the official exchange rate causes the black exchange rate, but not vice versa. This conclusion is valid for both a sub-period of stability and a sub-period of vibrant fluctuations, with February 2008 as the cut-off. The findings also reject the efficiency hypothesis of the black market for foreign exchange and support the policy choice of the State Bank of Vietnam not to follow black market signals in managing official exchange rates for macroeconomic stability.

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Quynh Dung, Nguyen Thi, and Pham Thi Ha An. "Monetary Policy Transmission Through the Rate Channel in Some Countries in ASEAN." Applied Economics and Finance 7, no. 2 (February 21, 2020): 57. http://dx.doi.org/10.11114/aef.v7i2.4729.

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Using a quantitative regression of table data through FEM and REM models, the study has measured the extent and direction of exchange rate impacts on the economic growth of five ASEAN countries namely, Vietnam, Indonesia, Singapore, Philippines, Malaysia, in the period of 1985-2015. The estimation results show that for every 1% rise in the real exchange rate, the multilateral force will have a positive impact, since the speed of economic growth of five countries increased by 2.09%. This result is consistent with some previous studies, especially in some developing countries. Further, the thesis has assessed the exchange rate policy in Vietnam and analyzed the situation. As a result, the authors have made some recommendations for exchange rate policy. The recommendations focus on the State’s intervention in adjusting the exchange rate and pay attention to the real exchange rate for policy evaluation. The recommendations of the thesis are consistent with the actual situation in the five ASEAN countries in order to stabilize economic growth.

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Duc, Le Anh, Bui Huy Nhuong, Ha Dieu Linh, Hoang Thi Thu Ha, Dang Tuan Anh, Tran Lan Huong, and Le Thi Anh Van. "Determinants of Vietnam’s Exports to ASEAN Countries in the Context of the ASEAN Economic Community." Journal of Social Economics Research 9, no. 2 (July 13, 2022): 61–69. http://dx.doi.org/10.18488/35.v9i2.3058.

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The ASEAN region is emerging as a dynamically developing region, and trade between Vietnam and ASEAN countries has continuously improved over the years. This study investigates the determinants of Vietnam’s exports to ASEAN countries from 1997 to 2020. The paper also examines the differences in the directions of the impact in different groups of exported products. Using pooled OLS and panel data methods, the results demonstrate that Vietnam’s exports increased as its GDP per capita and importing countries’ GDP per capita increased. In contrast, transportation costs proxied by geographic distance were found to have a negative impact on Vietnam’s exports. The results assert the positive relationship between exports and real bilateral exchange rate. The ASEAN Trade in Goods Agreement (ATIGA) was found to have no statistically significant influence on Vietnam’s exports. These results are vital for trade policy formulation to promote Vietnam’s exports to ASEAN countries. Vietnam should promote trade with countries sharing a border to take advantage of transportation costs and reduce potential risks in goods movement. In addition, it is necessary to minimize the effects of fluctuations in the exchange rate in order to further promote Vietnam's exports in the future.

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Tran Phuong, Thao, and Thuy Phan Chung. "Relationship between Volatilities of Stock Market and Instruments of Monetary Policy in Vietnam." Journal of Asian Business and Economic Studies 22, no. 1 (January 1, 2015): 82–99. http://dx.doi.org/10.24311/jabes/2015.22.1.02.

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Volatility of stock exchange and its determinants always attract the attention of investors, researchers and exchange authorities. The research estimates the volatility of Vietnam stock market by measuring the conditional volatility of VN-Index and HNX-Index, and explores the relationship between the volatility of stock exchanges and the volatility of two instruments of monetary policy (overnight rate and exchange rate). Data are collected on a daily basis from Jan. 5, 2006 to March 31, 2014. The research found evidence of volatility of returns through the two indexes and two instruments, but it detected no relationship between the volatilities of these instruments and the stock indexes. Additionally, the research confirms the role of VN-Index as a market maker over HNX-Index.

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Nguyen Thi, Vu Ha. "Surplus in balance of payments and some policy recommendations for Vietnam." Russian Journal of Vietnamese Studies 6, no. 1 (January 15, 2022): 28–39. http://dx.doi.org/10.54631/vs.2022.61-105384.

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The balance of payments (BoP) is a critical macroeconomic indicator that helps understand the overall picture of a country's economic transactions with foreign ones. Vietnam's BoP has continuously been in surplus in recent years, even when heavily affected by the Covid-19 pandemic. Based on descriptive statistical methods, comparison, analysis and synthesis, this article has shown that the surplus in the current account of Vietnam was mainly due to the surplus in the trade balance. In addition, despite receiving large remittances, the amount of money that Vietnam had to pay to foreign investors was always much more excess than that Vietnam earns from investing abroad, causing the balance of income to run in deficit. Vietnam's financial account was also in surplus because she has received an enormous amount of foreign direct investments. The surplus in Vietnam's BoP has enhanced Vietnam's external position, but it has put pressure on the domestic currency to appreciate and warn of future macroeconomic uncertainties. Therefore, in the future, Vietnam needs to determine the priority in its policy whether to stabilise the exchange rate or have an independent monetary policy in the context of increasingly liberalised capital accounts.

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Nguyen, Trung Thanh, Thi Linh Do, and Van Duy Nguyen. "Impacts of Monetary Policy on Stock Market through Survey from Investors." Journal of Management and Sustainability 6, no. 2 (May 23, 2016): 132. http://dx.doi.org/10.5539/jms.v6n2p132.

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<p>Analyzing the impacts of the monetary policy on the stock market is very important to investors. There are many papers studying this relationship, but study based on investors is still limited. This paper is conducted by interviewing experts and Stock Investors in Vietnam. After having research results, the authors continue to use multi-variables method (EFA, regression analysis) and get the following outcomes: According to investors, the policy of interest rate, required reserved ration and exchange rate have impacts on Vietnam stock market; the policy of money supply does not have influence on the market. At the same time, interest rate has the strongest impact on stock market following by the required reserved ratio and the exchange rate.</p>

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Thuy, Vinh Nguyen Thi, and Duong Trinh Thi Thuy. "The Impact of Exchange Rate Volatility on Exports in Vietnam: A Bounds Testing Approach." Journal of Risk and Financial Management 12, no. 1 (January 4, 2019): 6. http://dx.doi.org/10.3390/jrfm12010006.

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This paper investigates the impact of exchange rate volatility on exports in Vietnam using quarterly data from the first quarter of 2000 to the fourth quarter of 2014. The paper applies the autoregressive distributed lag (ARDL) bounds testing approach to the analysis of level relationships between effective exchange rate volatility and exports. Using the demand function of exports, the paper also considers the effect of depreciation and foreign income on exports of Vietnam. The results show that exchange rate volatility negatively affects the export volume in the long run, as expected. A depreciation of the domestic currency affects exports negatively in the short run, but positively in the long run, consistent with the J curve effect. Surprisingly, an increase in the real income of a foreign country actually decreases Vietnamese export volume. These findings suggest some policy implications in managing the exchange rate system and promoting exports of Vietnam.

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Dat, Pham Minh, and Dinh Tran Ngoc Huy. "Management Issues in Medical Industry in Vietnam." Management 25, no. 1 (January 1, 2021): 141–54. http://dx.doi.org/10.2478/manment-2019-0063.

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Summary Stock exchange has impacts on activities and capitals of medical companies in Vietnam market. However, medical firms still need researches to address some management issues including good practices of governance, good resources allocation and better risk management policies. Authors uses quantitative analysis and statistics, together with qualitative methods including synthesis and explanatory methods. We figure out CPI and stock price has negative relationship while there is positive correlation between stock price and Risk free rate (Rf). In conclusion, authors also propose total quality management perspective as well as recommend macro policies that affect company performance. For example, exchange rate policy could support USD/VND just little bit while inflation policy need to be controlled at low level.

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Hong, Pham Van, Nguyen Thao Nguyen, Dinh Tran Ngoc Huy, Nguyen Thu Thuy, and Le Thi Thanh Huong. "Evaluating Several Models of Quality Management and Impacts on Lychee Price Applying for Vietnam Agriculture Products Value Chain Sustainable Development." Alinteri Journal of Agricultural Sciences 36, no. 1 (March 10, 2021): 122–30. http://dx.doi.org/10.47059/alinteri/v36i1/ajas21018.

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Sustainability of Vietnam agriculture value chain will be dependent on various factors such as skills and experience of farmers, advanced technology, agricultural engineering, standards and models such as VIETGAP or GLOBAL GAP, etc. The role is still important, but Vietnam's agricultural production still has many Weakness points compared to other countries in the region when comparing resource use efficiency (land, water and labor). As a result, the efficiency of agricultural production tends to decrease recently. Specifically, the growth in average agricultural labor productivity annual rate of Vietnam also decreased correspondingly from 2.7% in the period 1990-1999 to 2.5% in the period 2000-2013 (World Bank, 2016). In Vietnam, we will evaluate the effectiveness of VIETGAP and GLOBAL GAP models, principles and standards applying in Vietnam agriculture value chain in a specific case study. The research results show a strict condition for applying VIETGAP and GLOBAL GAP for better quality in agriculture, including: Conditions for soil, irrigation water, fertilizers, pest control, etc. Last but not least, we also use an econometric model to measure impacts of multi macro factors on lychee price in Vietnam market over past years 2014-2019. Regression results show that we need to control inflation at low level, stable GDP growth and trade balance and exchange rate to stabilize lychee price. The research findings are of value to policy makers, farmers and investors in making decisions to invest for sustainability of Vietnam agriculture value chain. We will also make suggestions for commercial bank system in agriculture sector development.

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NGUYỄN KHẮC QUỐC, BẢO. "Impacts of Oil Shocks on Vietnam’s Trade Balance and Recommendations." Journal of Asian Business and Economic Studies 219 (January 1, 2014): 66–80. http://dx.doi.org/10.24311/jabes/2014.219.1.04.

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This paper aims at examining impacts of oil shocks on Vietnam’s balance of trade and causal relationship between the balance of trade and relevant macro factors. Bound testing approach and ARDL are applied to data from Quarter I of 1999 to Quarter IV of 2011. The results demonstrate a negative relationship between oil price, exchange rate and trade balance in Vietnam. More specifically, a one-percent increase in the oil prices and exchange rate causes the trade balance to fall by 0.12% and 0.79% respectively in the long run. In the short run, however, international exchange rates and oil pricesare positively corrrelatedwith Vietnam’s trade balance. These findings allow some recommendations and suggestions for policy makers in an effort to reduce negative effects of oil shocks on Vietnam’s trade balance.

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ERIC IKSOON, IM, and Vu Tam Bang. "Estimated Policy Effects on Vietnam’s Exports to Its Major APEC Trade Partners: A Gravity Model Approach." Journal of Asian Business and Economic Studies 217 (July 1, 2013): 02–14. http://dx.doi.org/10.24311/jabes/2013.217.06.

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This paper carries out an empirical assessment of the effects of a set of policy determinants of Vietnam?s exports to its five major Asia Pacific trade partners (China, Japan, South Korea, Singapore, and US) over 23 years from 1989 to 2011. In doing so, a gravity model is employed, which includes two sets of variables: one for gravity variables, and the other for policy-related variables. The latter includes four policy variables: real exchange rate, trade liberalization, anti-corruption activity, and WTO membership status. The effects of real exchange rate and anti-corruption activity are each specified as a linear function of the degree of trade liberalization to capture the indirect effects of trade liberalization on Vietnam?s exports over time. The effect of trade liberalization on Vietnam?s exports is specified as linear dependent on its WTO membership status to capture its direct effect and the additional effect attributable to Vietnam?s accession to WTO on its exports. We find that Vietnam?s trade liberalization has direct and indirect positive impacts on its trades, and its accession to WTO has a positive effect as well, contrary to some criticism otherwise.

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Pham, Van Anh. "Impacts of the monetary policy on the exchange rate: case study of Vietnam." Journal of Asian Business and Economic Studies 26, no. 2 (December 2, 2019): 220–37. http://dx.doi.org/10.1108/jabes-11-2018-0093.

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Purpose The purpose of this paper is to evaluate and analyze impacts of the monetary policy (MP) – money aggregate and interest rate – on the exchange rate in Vietnam. Design/methodology/approach The study uses data over the period of 2008–2018 and applies the vector autoregression model, namely recursive restriction and sign restriction approaches. Findings The main empirical findings are as follows: a contraction of the money aggregate significantly leads to the real effective exchange rate (REER) depreciating and then appreciating; a tightening of the interest rate immediately causes the REER appreciating and then depreciating; and both the money aggregate and the interest rate strongly determine fluctuations of the REER. Originality/value The quantitative results imply that the MP affects the REER considerably.

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Bui Thanh, Trung. "Monetary policy effect in an economy with heavily managed exchange rate." Journal of Asian Business and Economic Studies 24, no. 02 (April 1, 2017): 31–50. http://dx.doi.org/10.24311/jabes/2017.24.2.06.

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The primary objective of this paper is to investigate the effect of monetary policy on macroeconomic variables in Vietnam, which is a small, open, and developing economy with heavily managed ex-change rate. Monetary policy shock is identified by the sign re-striction methodology. Unlike previous studies, this paper identifies a monetary contraction by a combination of an increase in interest rates, a decrease in central bank credit, a drop in the stock of foreign exchange reserves, and a fall in broad money. The empirical results show that output and prices begin to reduce after a restrictive mone-tary shock in the medium term, suggesting the adverse effect of monetary policy in the short term and the necessity to improve the transparency of monetary setting. Meanwhile, exchange rates are unresponsive to a tightening decision, which is not a sign of puzzle but plausible when the nature of a peg regime is taken into account. Furthermore, foreign exchange policy causes inflation to rise since its effect is partially sterilized by changes in monetary policy instru-ments. Therefore, Vietnamese monetary authorities should consider a shift toward a more floating regime to achieve monetary inde-pendence or foster the development of financial markets in order to alleviate inflationary pressure caused by foreign exchange policy.

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Tung, Le Thanh. "Fiscal Policy, Monetary Policy and Price Volatility: Evidence from an Emerging Economy." Organizations and Markets in Emerging Economies 12, no. 1 (May 20, 2021): 57–70. http://dx.doi.org/10.15388/omee.2021.12.47.

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Vietnam is an Asian emerging country, which now is ranked in the group of the fastest-gro- wing economies worldwide. However, this economy has faced galloping inflation in recent years. So the Vietnamese experience is a valuable reference for the policymakers in the developing world in order to successfully control price volatility. Our study applies the Vector autoregressive method, the Johansen cointegration test, and the Granger causality test to examine the impact of fiscal and monetary policy on price volatility in Vietnam with a quarterly data sample collected over the period from 2004 to 2018. The study results confirm the existence of a long-term cointegration relationship between these policies and price volatility in Vietnam. Besides, the variance decomposition and impulse response function also show that the impact of these policies on inflation is clear, however, the fiscal policy more strongly affects inflation than the monetary policy. Finally, the Granger causality test also indicates one-way causality relationships from the government expenditure as well as the exchange rate to price volatility in the study period.

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Hoan, Phan Thanh, and Duong Thi Dieu My. "The Determinants of Vietnam’s Information and Communication Technologies Exports to the European Union." Foreign Trade Review 57, no. 2 (January 14, 2022): 148–59. http://dx.doi.org/10.1177/00157325211057977.

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Vietnam is one of the top information and communication technologies (ICT) exporters globally, and the ICT products constitute nearly one-fifth of Vietnam’s total exports to the European Union (EU). This study empirically investigates the determinants of Vietnam’s ICT exports to the EU by applying the gravity model for trade with panel data from 2000 to 2019. Besides the traditional variables of the gravity model, we added gross capital formation, patent application and exchange rates as explanatory variables. The results show that among factors affecting Vietnam’s ICT export to the EU, market size, patent applications, and exchange rate are the most significant determinants. The article also suggests some policy implications for the development of ICT exports between the two parties. JEL Codes: F14, C2

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Vo, Anh The, Chi Minh Ho, and Duc Hong Vo. "Understanding the exchange rate pass-through to consumer prices in Vietnam: the SVAR approach." International Journal of Emerging Markets 15, no. 5 (December 16, 2019): 971–89. http://dx.doi.org/10.1108/ijoem-10-2018-0551.

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Purpose The purpose of this paper is to examine the degree of the exchange rate pass-through (ERPT) to the consumer price index (CPI) at both aggregated and disaggregated levels in Vietnam. Updated data of the nominal effective exchange rate (NEER) and bilateral exchange rate (BiER) have been utilized in this study for the comparison purposes. Design/methodology/approach Advanced time-series approaches such as a structural vector autoregressive framework, structural impulse response functions (SIRFs), and structural forecast-error variance decomposition (SFEVD) are utilized in this paper. Findings Empirical findings from this paper present an incomplete degree of the ERPT to the aggregated CPI. The ERPT based on the BiER is observed to have substantially larger magnitude than the NEER-based pass-through. For the disaggregated level, the degree of the ERPT varies considerably across sub-components of the CPI, with a higher magnitude of the ERPT elasticity being found from the BiER estimations. The index of housing and construction materials has the largest ERPT based on the BiER, followed by the food and foodstuffs (1.00 and 0.56, respectively). The macroeconomic and financial environments as well as an economic integration into the global market may be the main causes of a higher ERPT in Vietnam in comparison with other ASEAN countries. Research limitations/implications The significant and incomplete pass-through of the exchange rate in Vietnam can affect firms’ and households’ budget planning, savings and profits. This finding generally implies that the cost of devaluation of the domestic currency affects the society as the whole in terms of welfare. The State Bank of Vietnam should carefully consider the overall effect of welfares when formulating and implementing strategies of currency devaluation. In addition, the Vietnamese economy becomes more sensitive to external vulnerabilities via changes of the exchange rate during an increasingly economic integration into the global market. In order to maintain inflation stability, it is vitally important to reduce the impact of exchange rate movements on the domestic prices, both aggregated and disaggregated levels, by pursuing either monetary policy credibility or inflation targeting. Originality/value Previous studies on the ERPT literature in the Asia region or for emerging countries focus mainly on the aggregated data of the CPI. Previous studies were conducted before the global financial crisis in 2008/2009. The current paper is the first of its kind to examine the pass-through from exchange rates to consumer prices in Vietnam using both aggregated and disaggregated data.

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Jung, Dae-Sung. "An Empirical Study on Return Spillovers among Asian foreign exchange markets." Korea International Trade Research Institute 18, no. 5 (October 31, 2022): 345–57. http://dx.doi.org/10.16980/jitc.18.5.202210.345.

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Purpose - This paper analyzes the connectivity of Asian foreign exchange markets using the volatility spillover index of Diebold and Yilmaz (2009/2012). Design/Methodology/Approach - The paper used exchange rate data for 11 Asian countries (Korea, Japan, Hong Kong, Singapore, Malaysia, China, Thailand, Indonesia, Taiwan, the Philippines, and Vietnam) and Australia. The data period is from January 2, 2015, to October 4, 2022. Analysis used the volatility spillover index model of Diebold and Yilmaz (2012). Findings - As a result, it was found that there were return spillovers in the Asian foreign exchange market, and the total volatility transfer is 59.5%. Singapore, Taiwan, Australia, Korea, Malaysia, Thailand, Indonesia, China, the Philippines, Japan, Vietnam, and Hong Kong have the highest outflow transfer effect in the Asian foreign exchange market, in that order. Singapore, Korea, Australia, Malaysia, Taiwan, Thailand, Indonesia, China, the Philippines, Vietnam, Japan, and Hong Kong have the highest inflow transfer effect, in that order. Singapore, Taiwan, Australia, Korea, Malaysia, and Thailand are the leading markets in the Asian foreign exchange market, while Vietnam, Japan, Hong Kong, China, the Philippines, and Indonesia are dependent markets in the Asian foreign exchange market. As a result of analyzing through a sample moving average analysis, it was found that the outbreak of COVID-19 and the WHO pandemic declaration had the strongest effect on the linkage of the foreign exchange market. Research Implications - This study empirically demonstrates the importance of linkages between markets for investors and policy makers in the foreign exchange market.

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Tung, Le Thanh. "EFFECT OF FISCAL AND MONETARY POLICY ON PRIVATE INVESTMENT IN VIETNAM." Business: Theory and Practice 23, no. 2 (December 1, 2022): 427–34. http://dx.doi.org/10.3846/btp.2022.15154.

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This paper aims to identify the effect of fiscal and monetary policy on private investment in Vietnam, a transition economy having robust economic growth. The quantitative analyze process employs the Autoregressive Distributed Lag (ARDL) model with a quarterly database in 2004–2020. The bound test study indicates that there is a long-term cointegration relationship between the policy variables and private investment. In the long run, the estimated result shows that the government expenditure and money supply have positive and significant impacts on private investment, however, the exchange rate has a negative and significant impact on private investment. In the short run, government expenditure also has a significant positive impact on private investment in Vietnam, besides, the lag of the private investment variable has a positive and significant which shows the supporting impact on private investment on itself. The coefficients of the tax revenue are positive and insignificant in the estimated functions. Therefore, the evidence suggests that the government needs to increase its expenditure which helps improve private investment in Vietnam in the future.

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Bui, Hung Quang, Thao Tran, Hung Le-Phuc Nguyen, and Duc Hong Vo. "The impacts of the Covid-19 pandemic, policy responses and macroeconomic fundamentals on market risks across sectors in Vietnam." PLOS ONE 17, no. 8 (August 23, 2022): e0272631. http://dx.doi.org/10.1371/journal.pone.0272631.

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Vietnam has undergone four waves of the Covid-19 pandemic in 2020 and 2021, which have posed significant market risks to various sectors. Understanding the market risk of Vietnamese sectors and its changes is important for policy implementation to support the economy after the pandemic. This study measures the sectoral market risks and examines the effects of the pandemic, policy responses and macroeconomic fundamentals on the market risks across sectors in Vietnam. We employ the Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR) techniques to measure the market risks for 24 sectors from 2012 to 2021. The market risk levels across Vietnamese sectors have changed significantly in response to the pandemic. Oil and Gas and Services sectors show the largest potential loss during the two Covid-19 waves in 2020. The Securities sector is the riskiest sector during the last two Covid-19 waves in 2021. Our results indicate that the new Covid-19 cases reported by the Government increase the market risk levels across Vietnamese sectors. On the other hand, enhancing containment and health policy and reducing economic policy uncertainty result in lower market risk across sectors. We also find that macroeconomic fundamentals such as the exchange rate and interest rate significantly affect the market risks across sectors in Vietnam.

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Thanh, Nguyen Ngoc, and Kaliappa Kalirajan. "The Importance of Exchange Rate Policy in Promoting Vietnam's Exports." Oxford Development Studies 33, no. 3-4 (September 2005): 511–29. http://dx.doi.org/10.1080/13600810500199335.

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Tran, Thi Xuan Anh, and Quoc Tuan Le. "The Relationship between Ownership Structure and Dividend Policy: An Application in Vietnam Stock Exchange." Academic Journal of Interdisciplinary Studies 8, no. 2 (July 1, 2019): 131–46. http://dx.doi.org/10.2478/ajis-2019-0025.

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Abstract This research examines the possible association between ownership structure and Vietnam listed companies’ dividend payout policy over the period of 2009 – 2015. We have investigated 642 listed firms in Hochiminh stock exchange and Hanoi stock exchange, using pannel data analysis. Ownership structure is described with two main sub-variables: ownership concentration and ownership composition. Specifically, the Herfindahl index (or H-index) was applied to measure the level of ownership concentration /dispersion for all major shareholders in the company, including the five biggest investors, corporate institutional investors, the ownership concentration level, and foreign investors. It has been observed that the H-index of all major shareholders has an average of less than 0.5 but the value of the H-index of institutional investors at 0.594 indicates that institutional investors are more likely to be concentrated in the hands of large institutional investors. The result showed linear relationship between institutional ownership and the dividend rate, but not statistically significant for the relationship between managerial ownership and dividend payout ratio.

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Trang Nguyen, Hoang Le, and Phuong Anh Nguyen. "The Impacts of Fiscal and Macroeconomic Factors on Vietnam Government Bond Yield." International Journal of Economics and Finance 14, no. 8 (July 18, 2022): 23. http://dx.doi.org/10.5539/ijef.v14n8p23.

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Government bond yield refers to the borrowing cost for government and the expected return for the individual and institutional investors. Having knowledge of government bond yield helps government operate or adjust the government bond issuance to boost the economic conditions in a country and support investors when diversifying their investment portfolio. To contribute to government bond’s literature and government’s policy, the determinants of government bond yield in Vietnam are examined by using GARCH-types models for time-series data. The findings show that for the 3-year and 5-year government bonds, there are positive relationships between the percentage change of Central Government Balance, Policy Rate change and government bond yields change; while the percentage change of Exchange Rate and VN Index negatively affect government bond yields change. For 10-year government bond, Policy Rate, VN Index, Inflation and VIX are the most significant determinants of the government bond yields. Their changes positively affect bond yields change while Inflation has a negative relationship with government bond yields change. Moreover, Inflation has more significant impact on the change in long-term government bond yields than that in shorter-term government bond yields.

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Nguyen, Trung Thanh, Thi Linh Do, and Van Duy Nguyen. "Impacts of Monetary Policy and Information Shock on Stock Market: Case Study in Vietnam." International Journal of Economics and Finance 8, no. 7 (June 23, 2016): 132. http://dx.doi.org/10.5539/ijef.v8n7p132.

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<p>Evaluation of the impact of monetary policy on Vietnam stock market plays an important role for economists as well as stock investors. Stock price index not only gets impacts from the macroeconomic factors such as oil price, gold prices…but also be very sensitive to the changes in monetary policy. For each different markets, stock index are also different from each other. Hence, this artical is conducted to evaluate the impacts of monetary policy on Vietnam Stock Index (VNIDEX) in the period of the time from 2006 to 2015. The author uses GJR - GARCH model and ARDL research with time-serie data by statistical methods and quantitative analysis to evaluate the above impact related to lag and shocks in the market. The result shows that the monetary policy including interests, exchange rate and required reserve ratio has a negative impact on stock price in long term. Besides, both bad or good market shock cause changes of stock price at stable level.</p>

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Duc, Vo Hong. "Guest Editor’s Introduction - Exchange Rate Pass-Through, Fiscal Decentralization, and the Gender Wealth Gap: Policy Implications for Vietnam." Emerging Markets Finance and Trade 57, no. 1 (December 30, 2020): 1–4. http://dx.doi.org/10.1080/1540496x.2020.1857145.

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Van Trang Do, Thi. "Determinants of corporate debt maturity: Evidence from the consumer goods sector in Vietnam." Investment Management and Financial Innovations 18, no. 3 (August 27, 2021): 175–82. http://dx.doi.org/10.21511/imfi.18(3).2021.16.

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Debt maturity structure plays an important role in enterprises’ capital structure policies, and debt maturity varies from industry to industry. The paper investigates the determinants that affect the debt maturity structure of listed firms in the consumer goods industry from 2009 to 2019. The data is collected from consumer goods companies listed on the Vietnam Stock Exchange. The feasible generalized least squares (FGLS) estimation is demonstrated to consider not only micro but also macroeconomic variables that have influenced the corporate debt maturity policy. The empirical results show that five microeconomic factors, such as capital structure, asset structure, asset liquidity, profitability, and firm size, have influenced the debt maturity and are statistically significant. Meanwhile, macroeconomic factors such as inflation rate and credit growth have significantly affected the corporate debt maturity. Finally, the paper provides some suggestions for financial managers on the optimal corporate debt maturity in the consumer goods sector and recommendations for policy-makers when implementing macroeconomic policies.

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Xiong, Yang, Chen, Shi, and Yuan. "Environmental Stress Testing for China’s Overseas Coal Power Investment Project." Sustainability 11, no. 19 (October 4, 2019): 5506. http://dx.doi.org/10.3390/su11195506.

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The advance of the Chinese “Belt and Road” initiative encourages increased overseas investment in coal power projects. However, it also brings about external environmental risks. In this paper, we use the approach of environmental stress testing to examine China’s overseas coal power investment projects by focusing on two countries: Indonesia and Vietnam. We first identify five key testing factors (i.e., coal price, utilization hours, exchange rate, carbon tax, and environmental protection requirements) by examining the market regulation and the environmental risks of coal power projects along the “Belt and Road” countries. Then, we observed changes in the enterprise value and internal rate of return (IRR) by setting different scenarios in which the values of the five stress factors varied. The results show that (1) the economics of coal-fired projects in Indonesia is most sensitive to exchange rate, while the economics of coal projects in Vietnam is most sensitive to coal price; (2) the pressure of nationally determined contributions (NDC) goals on environmental protection will push the “Belt and Road” countries to implement more stringent environmental regulation, which will reinforce environmental stress on overseas coal power investment. These results have important policy implications for the enterprise, industry, and Chinese government.

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Thi Man, Do. "Policy Recommendations to Improve Trade Balance in Vietnam: An Empirical Study of Relationship between Exchange Rate and Trade Balance." Journal of Finance and Economics 6, no. 3 (June 16, 2018): 75–86. http://dx.doi.org/10.12691/jfe-6-3-1.

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Dang, Ngoc Hung, Thi Viet Ha Hoang, and Manh Dung Tran. "The Relationship Between Accounting Information in the Financial Statements and the Stock Returns of Listed Firms in Vietnam Stock Exchange." International Journal of Economics and Finance 9, no. 10 (August 28, 2017): 1. http://dx.doi.org/10.5539/ijef.v9n10p1.

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This study is conducted to analyse the relationship between accounting information in the financial statements and the stock returns of listed firms in Vietnam Stock Market. Using OLS, FEM, REM, GLS, and GMM regression models, the study examines the relationship of earnings, volatility in the rate of return, size, levering ratios and growth rates to the stock returns of 274 firms in the period from 2012 to 2016. Findings from the study show that the rate of return, the change in the rate of return, gearing ratio and growth rate are positively correlated to the stock returns, while the size of firm by assets is negatively related to stock returns. Based on the research’s results, the authors also provide some recommendations for investors, firm management and policy makers.

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Trần Huy, Hoàng, Trúc Liễu Thu, and Huân Nguyễn Hữu. "Monetary Policy Implementation in the Context of International Integration during the Period 2011-2020." Journal of Asian Business and Economic Studies 220 (April 1, 2014): 41–59. http://dx.doi.org/10.24311/jabes/2014.220.08.

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The research tries to systematize basic problems with implementation of monetary policy, provide an overall estimate of the implementation of this policy by the SBV over periods, test and measure monetary policy transmission to identify major regulatory instruments, and suggest measures to maximize effects of the transmission mechanism of the monetary policy from 2014 to 2020 when Vietnam gradually integrates into the world economy. The research combines the descriptive statistics and VAR model to analyze each specific target in the period from 1990 to present time. The results show that the SBV has changed to employment of indirect instruments from direct ones and reduced commands or directions as an administrative body. The monetary policy in the past, however, was not very effective, which showed itself in the fact that changes in money supply did not produce strong effects on such variables as inflation and gross output. Among instruments for the monetary policy, exchange rate and refinancing rate are considered important in curbing inflation, and required reserve has great effects on economic growth, while the research finds no evidence of effects of credit limit set by the SBV on macroeconomic variables.

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Nga, Le Thi Viet, Nguyen Thi Ngoc Lan, Ly Lan Yen, Dinh Tran Ngoc Huy, and Do Minh Thuy. "The measurement of muccessful management via a net profit maximization model with ten factors and financial accounting disclosure policy- case of vinamilk in F&B industry in Vietnam." Management 24, no. 2 (December 1, 2020): 1–19. http://dx.doi.org/10.2478/manment-2019-0044.

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Summary When a firm has better disclosure policy of financial accounting information it will attract more investment. Many factors affecting accounting information disclosure policy include firm size, leverage, industry characteristics, investor types, etc. And good financial accounting data disclosure will help to reduce risk level of firms. At micro level, cost and net sale factors will affect net profit while at macro levels, risk free rate and exchange rate will impact. According to Nikkei Asian Review, Vinamilk (VNM) is the only brand in F&B industry and the domestic industry leader which ranked 25th among 300 listed companies in the List of ASIA300 Power Performers. It leads the organic trend in milk industry and has made very positive contributions to the overall achievements of economic and social values. Good business management requires us to consider the impacts of multi macro and micro factors on net profit, both internal and external factors, and it contributes to promoting business plan and economic policies for economic growth and stabilizing business operation. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of ten (10) macroeconomic factors such as: stock price, VNIndex, risk free rate, lending rate, cost, sale, inflation, GPD growth, S&P500, exchange rate, etc. on net profit of a leading milk listed company, Vinamilk (VNM) in Vietnam in the 10-year period of 2010-2019, both positive and negative sides. From that regression model and analysis, it will draw leadership features, strengths of this industrial leader. The results of quantitative research, in a ten factor model, show that the decrease in GDP growth and risk free rate, inflation and increase in net sale will have a significant effect and increase VNM net profit, with the highest impact coefficient, the second is decreasing cost. This research finding and recommended policy also can be used as reference in policy for F&B system in many developing countries.

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Dang, Thuy T., Anh D. Pham, and Diem N. Tran. "Impact of Monetary Policy on Private Investment: Evidence from Vietnam’s Provincial Data." Economies 8, no. 3 (September 1, 2020): 70. http://dx.doi.org/10.3390/economies8030070.

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This study sheds new light on the relationship between monetary policy and private investment using Vietnam’s provincial data and a system generalized method of moment (GMM) framework. To capture monetary policy’s effect, different indicators, viz. money supply, domestic credit to the private sector, interest rate and exchange rate are examined. We find that private investment is positively affected by respective monetary policies through broad money, domestic credit and interest rate channels, yet no credible evidence regarding the exchange rate’s effect. In which, such a surprising co-movement between real interest rate and private investment was illuminated through analysis of the economy’s distinctive characteristics over the two development stages (pre- and post-2012). Another notable finding is that economic development prospects of localities, which attract great attention and cause an intense competition between domestic and foreign investors, appear to be a major barrier to investment decisions of private firms.

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Taguchi, Hiroyuki. "Macroeconomic Risks in the Greater Mekong Sub-Region." International Journal of Asian Business and Information Management 6, no. 2 (April 2015): 16–32. http://dx.doi.org/10.4018/ijabim.2015040102.

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This paper investigated the macroeconomic risks in the Greater Mekong Sub-region (GMS) from the perspectives of their external balances and monetary policies. The main findings are: 1) especially in Vietnam, the continuous deficit in current account accompanied with the decline in financial-account surplus and foreign reserves has increased economic risks in external balance, which seems to be a quite similar picture to the pre-crisis (1996-97) Thailand; 2) the rising real exchange rate, i.e. the loss of price competitiveness caused by domestic high inflation has been deteriorating the current account, except for Thailand; 3) the domestic high inflation can be attributed to the inability for central bank to manage monetary base against external capital flows through the sterilization, except for Thailand; 4) the clear contrast between the resilience of monetary policy to capital-flow shock in Thailand in 2000-2011 and its fragility in Vietnam in 2000-2011 and Thailand in 1986-1996, was also identified by the impulse response estimation in the analytical framework of VAR model.

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Laidler, David P. "What Remains of the Case for Flexible Exchange Rates? (Invited Lecture)." Pakistan Development Review 27, no. 4I (December 1, 1988): 425–50. http://dx.doi.org/10.30541/v27i4ipp.425-450.

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In the 1950s and 1960s, there was much support among academic economists for abandoning the Bretton Woods System in favour of a system of flexible exchange rates. Such proposals had their opponents, of course, some of whom, for example Robert Triffin (l960), believed that, if anything. the Bretton Woods System granted too much, rather than too little, scope to individual national governments to vary their exchange rates. Nevertheless, at that time, the weight of professional opinion was against them, and when exchange rate flexibility was adopted in the 1970s, economists by and large welcomed it. This change in policy regime was not, however, the outcome of reforms undertaken in the light of academic arguments; although these did have some influence in some places, not least the United Kingdom.' Nevertheless, the single most important factor leading to the demise of the Bretton Woods System was not the acceptance of any academic arguments about how to make the international monetary system function more’ smoothly. It was something much more down to earth, namely the unwillingness of certain governments, notably that of West Germany, to accept the balance of payments and hence domestic inflationary consequences of United States fiscal and monetary policies associated with the Vietnam War.

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Nguyen, Trung Duc, Anh Hoang Le, Eleftherios I. Thalassinos, and Lanh Kim Trieu. "The Impact of the COVID-19 Pandemic on Economic Growth and Monetary Policy: An Analysis from the DSGE Model in Vietnam." Economies 10, no. 7 (July 1, 2022): 159. http://dx.doi.org/10.3390/economies10070159.

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Facing the current complicated situation of the COVID-19 pandemic, in addition to medical efforts on disease prevention and treatment, governments of countries also have to come up with solutions to deal with the negative impacts of the pandemic on the economy. This study aims to provide specific, comprehensive, and scientific estimates of the impact of the COVID-19 pandemic on the Vietnamese economy. By using the Bayesian method to estimate DSGE models, research results show that a shock increase by one standard deviation (about 1.49% increase in the probability of a COVID-19 outbreak) to the Covid status variable immediately reduces the output gap by 0.94%. However, this effect only lasts for one quarter, and the output gap widens again. Meanwhile, refinancing interest rates, inflation, and exchange rate changes also have an immediate decline in response to this shock, but the magnitude of the reduction is relatively small.

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Trung, Nguyen Dinh, Dinh Tran Ngoc Huy, Nguyen Thu Thuy, and Nguyen Thi Tuyen Ngon. "Applying Mathematics in Estimating Weighted Beta CAPM for Vietnam Banking Industry and Building Better Risk Management Information System (RMIS)." Revista Gestão Inovação e Tecnologias 11, no. 2 (June 5, 2021): 280–92. http://dx.doi.org/10.47059/revistageintec.v11i2.1660.

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Risk management information system (RMIS) is becoming an important element in MIS system of banking sector in Vietnam in recent years and in future. We can use mathematics formulas applied in risk model to strengthen RMIS for banks. Nowadays, mathematics functions expressed high roles in economics and finance fields. Under effects from Covid 19 and industry 4.0, Vietnam banks realie need to enhance risk management and corporate governance system with RMIS channels to deliver proper risk information to clients and investors to attract more capitals via enhancing financial accounting data transparency. This study mainly use combination of quantitative methods including mathematics applied to calculate weighted beta CAPM, a common systemic risk measurement, and qualitative methods including synthesis, inductive and explanatory methods. And it emphasizes again sustainable modern bank management, using 5 bank cases: Eximbank (EIB) and Saigon Hanoi Bank (SHB), Asia Commercial Bank (ACB), Sacombank (STB) and Saigon Hanoi bank (SHB), 5 big listed banks in our country. Research results show us that risk model in banks can be done via some steps. First, calculating weighted beta CAPM or systemic risk via support of mathematics formula applied from market value and beta values of banks. Second, we run OLS regression for weighted beta and found out: for external impacts, exchange rate has negative correlation with weighted beta and for internal effects, CPI and R (lending rate) have negative relationship with weighted beta, so that policy makers can adjust policies to manage risks. Besides, this study also give out recommendations for enhancing management information system (MIS) for upgrading roles of banks in Vietnam economic development. Then, we can suggest suitable plans for sustainable management strategies. Our research limitation is within bank sector, then we can expand for other industries and markets as well.

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Rahman, Abdul. "Sebuah Pelajaran Dari Pelaksanaan Reformasi Pajak di Indonesia dan Vietnam." Jurnal Borneo Administrator 13, no. 1 (September 11, 2017): 73. http://dx.doi.org/10.24258/jba.v13i1.276.

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1997 Asian crisis brought ASEAN countries in condition where banking system damaged, GDP dropped and the exchange rate plunged. Taxation became ‘rescuer’ to overcome financial deficit and stable economy. Improvements in taxation are realized by tax reforms. In ASEAN, tax reforms have been undertaken since 1980s and they have significant contribution to increase tax revenue and to improve tax ratio. Specifically, we highlight Vietnam as the highest ratio and Indonesia as the lowest ratio. This paper explores the elements of innovation in tax reforms between Indonesia and Vietnam in order to seek the key of success factor of Vietnam in tax ratio. Our study found several interesting points. Firstly, tax reforms in Indonesia and Vietnam have similarity approaches, namely focusing on the policy and administration reforms. Secondly, for both countries, tax reforms have contributed in increasing tax revenue. Thirdly both countries highlight the role of tax reforms in enlarging the function of government in allocating state budget for social expenditure. Finally, we underscore the appreciation of government for society as taxpayers in the form of large allocation for public interests as a key success factor in increasing tax ratio in Vietnam.Keywords: Tax reforms, phase of reforms, lesson of reform, tax revenue, tax ratioKrisis di Asia pada tahun 1997 telah membawa negara-negara di ASEAN pada kondisi di mana sistem perbankan rusak, PDB turun dan nilai tukar mata uang jatuh. Perpajakan datang sebagai penyelamat untuk mengatasi krisis keuangan dan membuat perekonomian menjadi stabil. Perbaikan-perbaikan di sektor pajak diwujudkan melalui reformasi perpajakan. Di ASEAN, reformasi perpajakan telah dilaksanakan sejak tahun 1980 dan secara signifikan memberikan kontribusi untuk meningkatkan penerimaan pajak dan memperbaiki rasio pajak. Secara spesifik kami menggarisbawahi Vietnam sebagai negara dengan rasio pajak tertinggi dan Indonesia dengan rasio pajak terendah. Paper ini menggali elemen-elemen inovasi pada reformasi pajak di antara Indonesia dan Vietnam untuk mencari factor kunci kesuksesan rasio pajak di Vietnam. Studi kami menemukan beberapa poin penting. Pertama, reformasi pajak di Indonesia dan Vietnam mempunyai pendekatan yang sama yaitu fokus terhadap reformasi kebijakan dan administrasi. Kedua, bagi kedua negara, reformasi pajak telah berperan dalam meningkatkan penerimaan pajak. Ketiga, kedua negara menggarisbawahi peran reformasi pajak dalam meningkatkan fungsi negara dalam pengalokasian keuangan negara untuk pengeluaran sosial. Terakhir, kami mencatat penghargaan pemerintah terhadap masyarakat sebagai pembayar pajak dalam bentuk alokasi dana yang besar untuk kepentingan masyarakat sebagai faktor kunci kesuksesan peningkatan rasio pajak di Vietnam.Kata Kunci: Reformasi pajak, tahapan reformasi, pelajaran dari reformasi, penerimaan pajak, rasio pajak

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Phimpamot, Thaksin. "Foreign direct investment in the Lao People's Democratic Republic: Challenges and prospects." Asia and Africa Today, no. 12 (2021): 64. http://dx.doi.org/10.31857/s032150750017786-6.

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In the article the inflow of foreign direct investment (FDI) into the economy of the Lao is examined, in particular, the evolution of the policy, methods and rules of FDI attraction and regulation, as well as the dynamics and sectoral structure of FDI inflows. In result of Lao’s targeted proactive government policy, the FDI inflow since 2005 have risen substantially, owing primarily to domestic and foreign investments in hydropower and mining. Since the 3rd five-year National Plan for 1991-1995, the promotion of FDI has become a priority for the government. Since 2005, the annual rate of economic growth has exceeded 5%, and by 2020, the poverty of the people has dropped significantly. Through continuous, inclusive and sustainable economic growth the country managed to get out of “least developed countries” status by 2020. The Lao PDR government continues to improve the legal framework and law enforcement practice in the field of FDI. China, Thailand and Vietnam lead the investment process among the 10 most active foreign investors. Lao government clearly defined the desirable industries for foreign direct investment, which meet national interests - hydropower, mining, infrastructure facilities, industrial and agricultural enterprises, tourism. In this article an overview of the most important FDI sectors in Laos is provided. Authors have come to conclusion that the scope, volume and focus of implemented and ongoing FDI projects has benefited the Laos in terms of socioeconomic growth, foreign exchange earnings, job creation, as well as modern equipment, technology and skills transfer. The attention of the Lao government to practical details of foreign investment in important national projects contributes to successful use of external resources for national goals.

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Hung, Ly Dai. "Exchange Rate Risk Premium in Vietnam." Malaysian Journal of Economic Studies 59, no. 2 (December 26, 2022): 301–15. http://dx.doi.org/10.22452/mjes.vol59no2.7.

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This study characterises the exchange rate risk premium in the context of a small open economy with a controlled floating exchange rate regime. The empirical analysis applies the time-varying coefficients Bayesian structural vector autoregressive (TVC-BSVAR) model on data from the Vietnamese economy over a sample period from February 2012 to February 2019. The evidence shows that the risk premium varies over time, and increases with inflation and foreign direct investment capital inflows, but decreases with output growth and credit growth. The TVC-BSVAR model displayed highly accurate forecasting performance, accounting for nearly 94% of risk premium in a case study using the US dollar forward selling contract.

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Plackov, Sladjana, Jelena Pivasevic, and Jelena Vojnovic. "Exchange rate policy." Skola biznisa, no. 2 (2013): 57–65. http://dx.doi.org/10.5937/skolbiz1302057p.

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BRAILOVSKY, VLADIMIR. "EXCHANGE RATE POLICY." Contributions to Political Economy 8, no. 1 (March 1989): 1–33. http://dx.doi.org/10.1093/oxfordjournals.cpe.a035736.

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Crow, John. "Canadian Exchange Rate Policy." Canadian Public Policy / Analyse de Politiques 25, no. 3 (September 1999): 315. http://dx.doi.org/10.2307/3551520.

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Xu, Yingfeng. "China's exchange rate policy." China Economic Review 11, no. 3 (December 2000): 262–77. http://dx.doi.org/10.1016/s1043-951x(00)00021-3.

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Dinh, Cuong Xuan, and Toan Nguyen. "Exchange Rate Variations and Agricultural Exports in Vietnam." Accounting and Finance Research 5, no. 2 (February 10, 2017): 54. http://dx.doi.org/10.5430/afr.v5n2p54.

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This article studies the situation of exchange rate since the end of 2014 until now and gives analysis about the effects of exchange rate viariations on agricultural export market of Vietnam in this period. Specifically, we focuse on the adjustments of the State Bank of Vietnam as the US dollar’s price fluctuates and yuan is devalued. Besides, we also analyse the consequences that agriculture is affected by unfavorable changes of the market.

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Halpern, László. "Real exchange rate and exchange rate policy in Hungary." Economics of Transition 4, no. 1 (May 1996): 211–28. http://dx.doi.org/10.1111/j.1468-0351.1996.tb00169.x.

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Pham, Van Anh. "Exchange rate pass-through into inflation in Vietnam: evidence from VAR model." Journal of Economics and Development 21, no. 2 (October 7, 2019): 144–55. http://dx.doi.org/10.1108/jed-07-2019-0013.

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Purpose The purpose of this paper is to examine and analyze the exchange rate pass-through into inflation (ERPT) in Vietnam. Design/methodology/approach The paper examines and analyzes the ERPT in Vietnam by applying vector autoregression model over the period 2008‒2018. Findings The key finding of the research is that from the impulse response results, the transmission of exchange rate shocks to inflation is significant in Vietnam, and this is incomplete exchange rate pass-through. Moreover, the evidence from variance decompositions argues that exchange rate is an important factor to explain the fluctuation of inflation. Originality/value In overall, the depreciation or appreciation of exchange rate in Vietnam will considerably impact inflation.

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Wang, Jian. "Home bias, exchange rate disconnect, and optimal exchange rate policy." Journal of International Money and Finance 29, no. 1 (February 2010): 55–78. http://dx.doi.org/10.1016/j.jimonfin.2008.12.010.

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Hung, Dao. "FACTORS AFFECTING THE FLUCTUATION OF EXCHANGE RATE IN VIETNAM." European Journal of Business Research 18, no. 1 (June 1, 2018): 49–57. http://dx.doi.org/10.18374/ejbr-18-1.7.

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Journal articles on the topic 'Exchange rate policy Vietnam'

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