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Tiêu đề:
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Vietnam – What a difference a year makes
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Loại báo cáo:
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Kinh tế vĩ mô
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Nguồn:
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Standard Chartered Bank PLC.,
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Chi tiết:
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Ngày:
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09/04/2009
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Số trang:
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9
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Ngôn ngữ:
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Tiếng Anh
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Dạng tệp:
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Quy mô:
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196 Kb
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Báo cáo này hữu ích?
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(Có 0 bình chọn. Bạn phải đăng nhập để bình chọn.)
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Tóm tắt:
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12 months ago, the Vietnamese economy was in trouble on two fronts. First, it was running a massive trade deficit due to both cyclical factors (economic overheating) and structural deficiencies (a heavy reliance on imports of refined petroleum products and processed metals). The trade deficit in Q1-2008 reached a run rate of 9% of GDP, and this triggered concerns about the risk of a balance-of-payments crisis. Second, inflation accelerated sharply, from 14% y/y in January 2008 to 21.4% by April and ultimately 28.3% in August. It was calmed only by aggressive rate hikes by State Bank of Vietnam (SBV) and a dramatic collapse in global energy and food prices.
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