Vietnam Macro - Improving BOP bolsters promising economic outlook
  • 2017-05-31T15:49:48
  • Macroeconomics
Balance of Payments (BOP) is one of the key facets that reveal the health of an economy. As a developing country, Vietnam encountered a structural BOP problem in the 2007-2011 period with the current account deficit and financial account surplus significantly expanding. A problematic BOP, together with a GDP growth slowdown, very high inflation and strong credit growth, reflected macroeconomic instability during this period.