Vietnam Economics

Paper Summary:

The paper examines the phenomenon of foreign currency being sent into Vietnam by Vietnamese individuals living and working in other countries. The paper analyzes the currency/foreign exchange and the production output in Vietnam and shows how the incoming foreign currency impacts almost all macroeconomic sectors, from inflation to interest rates and from consumption levels to the general trend of the economy and the GDP. The paper points out that the Vietnamese currency, however, was more or less unaffected by the practice of sending money into Vietnam.

From the Paper:

"A global economic business environment means, among other things, a certain liberalization in terms of the workforce availability in the world. In other words, a more permissive approach towards workforce migration meant that this enabled people to work in different locations other than their national ones. Quite often, the trend reflects a migration from the third world and less developed countries to developed ones, as these are the types of economies that require cheaper labor in an ever more competitive business environment."

Sample of Sources Used:

• Anh, Dang Nguyen. Migration in Vietnam. Migration Development and Pro-Poor Policy Choices in Asia. June 2003. On the Internet at http://www.livelihoods.org/hot_topics/docs/Dhaka_CP_7.pdf. Last retrieved on December 6, 2006
• http://www.oanda.com/convert/fxhistory. Last retrieved on December 6, 2006
• Pham Duc Trung et co. Regulation of Interest Rate by the State Bank of Vietnam. June 2006. On the Internet at http://www.globalfinance.org/publications/papers/Interest_rate_regulation.pdf. Last retrieved on December 6, 2006
• Vietnamese Government Warns Bird Flu Spread May Hurt Economy. Bloomberg.com. January 2005. On the Internet at http://quote.bloomberg.com/apps/news?pid=10000080&sid=a6b16Q.JpHt4. Last retrieved December 6, 2006

More papers on Vietnam Economics:

• Essay # 64721 : "Nationalism in Vietnam"
• Analytical Essay # 4503 : "Secret Economics: The Economic Impact of the Vietnam War"
• Essay # 4213 : "Soviet Strategy and Goals During the Vietnam Conflict"

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