Dollarization and De-dollarization Policies: The Case of Vietnam

  • Thi Hoang Anh PhamEmail author
Part of the IDE-JETRO Series book series (IDE)


This chapter analyzes the dollarization indices and de-dollarization policy measures in Vietnam from 1990 to 2015. While conventional indices exhibit downward trends in deposit and loan dollarization, they may not fully reflect the status of dollarization; foreign currency in circulation increased from time to time, and gold has been held as a close substitute for foreign currency, which further complicated the measurement of dollarization. It is found that foreign exchange regulations were linked to variability in dollarization. Moreover, macroeconomic instability, especially high inflation rate and interest rate differentials, were notable factors affecting dollarization.


Dollarization Foreign currency deposits Foreign currency loans Vietnam 


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© The Author(s) 2017

Authors and Affiliations

  1. 1.Banking Academy of Vietnam, The State Bank of VietnamHanoiVietnam

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