External debt problem of Vietnam and its determinants
Since Doi Moi reforms in 1986, Vietnam observed rapid economic growth and was recognized as one of the fastest developing economy in the world. However, the country experienced persistent current account deficit financed by external borrowings. This paper seeks to uncover external debt determinants...
| Principais autores: | , , |
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| Formato: | Final Year Project (FYP) |
| Idioma: | English |
| Publicado em: |
2009
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| Acesso em linha: | http://hdl.handle.net/10356/15130 |
| _version_ | 1826121362169659392 |
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| author | Le, Kieu Oanh Sim, Hwee Lee Dinh, Thi Kim Hang |
| author2 | Tan Kim Heng |
| author_facet | Tan Kim Heng Le, Kieu Oanh Sim, Hwee Lee Dinh, Thi Kim Hang |
| author_sort | Le, Kieu Oanh |
| collection | NTU |
| description | Since Doi Moi reforms in 1986, Vietnam observed rapid economic growth and was recognized as one of the fastest developing economy in the world. However, the country experienced persistent current account deficit financed by external borrowings. This paper seeks to uncover external debt determinants of Vietnam. We examined the impact of macroeconomic variables, such as gross national savings, domestic investment, effective exchange rates, and relative price ratio on the current account balance. A pooled regression based on savings-investment and elasticity approaches was also performed, taking into account Vietnam’s major trading partners and the remarkable trading events such as the signing of ASEAN Free Trade Area (AFTA) and Vietnam-United States Bilateral Trade Agreement. Our findings show that the public sector was the main determinant of the external debt due to low public saving rates as a result of fiscal deficits, and high public investments in socio-economic development projects. |
| first_indexed | 2024-10-01T05:31:06Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/15130 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:31:06Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/151302019-12-10T10:47:51Z External debt problem of Vietnam and its determinants Le, Kieu Oanh Sim, Hwee Lee Dinh, Thi Kim Hang Tan Kim Heng School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::Vietnam Since Doi Moi reforms in 1986, Vietnam observed rapid economic growth and was recognized as one of the fastest developing economy in the world. However, the country experienced persistent current account deficit financed by external borrowings. This paper seeks to uncover external debt determinants of Vietnam. We examined the impact of macroeconomic variables, such as gross national savings, domestic investment, effective exchange rates, and relative price ratio on the current account balance. A pooled regression based on savings-investment and elasticity approaches was also performed, taking into account Vietnam’s major trading partners and the remarkable trading events such as the signing of ASEAN Free Trade Area (AFTA) and Vietnam-United States Bilateral Trade Agreement. Our findings show that the public sector was the main determinant of the external debt due to low public saving rates as a result of fiscal deficits, and high public investments in socio-economic development projects. Bachelor of Arts 2009-04-01T00:52:52Z 2009-04-01T00:52:52Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/15130 en 60 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic development::Vietnam Le, Kieu Oanh Sim, Hwee Lee Dinh, Thi Kim Hang External debt problem of Vietnam and its determinants |
| title | External debt problem of Vietnam and its determinants |
| title_full | External debt problem of Vietnam and its determinants |
| title_fullStr | External debt problem of Vietnam and its determinants |
| title_full_unstemmed | External debt problem of Vietnam and its determinants |
| title_short | External debt problem of Vietnam and its determinants |
| title_sort | external debt problem of vietnam and its determinants |
| topic | DRNTU::Social sciences::Economic development::Vietnam |
| url | http://hdl.handle.net/10356/15130 |
| work_keys_str_mv | AT lekieuoanh externaldebtproblemofvietnamanditsdeterminants AT simhweelee externaldebtproblemofvietnamanditsdeterminants AT dinhthikimhang externaldebtproblemofvietnamanditsdeterminants |