The balance of payments of Vietnam during the last 10 years

During the pandemic (2020-2021), what percentage of Vietnam's GDP was attributed to Foreign Direct Investment (FDI)?

• 50%
  

•  65.5%

• 72.33%
  

• 80%

Answer explanation

Vietnam’s pandemic control helped retain FDI inflows, which accounted for 72.33% of GDP in 2020 (GSO, 2022)

What was one key factor stabilizing Vietnam's balance of payments in 2024 amid global tensions?

• Geopolitical shifts encouraging companies to relocate operations to Vietnam
  

• Rising global demand for exports
  

• Increased foreign capital inflows

• Reduction in inflation rates

Answer explanation

Geopolitical tensions encouraged companies to move operations to Vietnam, stabilizing the BoP in 2024 (OECD, 2024)

 How does the balance of payments impact the economy?

• 1. It leads to a constant appreciation of the currency

• 1. It has no impact on international trade

• 1. It affects fiscal policies only

• 1. It influences exchange rates and international trade

 What is the key role of consumer spending during deflation?

• 1. It causes unemployment to rise

• 1. It keeps the economy afloat

• 1. It reduces government revenue

• 1. It leads to currency depreciation

What was the primary factor contributing to Vietnam's trade surplus of USD 2.5 billion in 2014?

• Declining imports
  

• Robust textiles, electronics, and agriculture exports
  

• Increased Foreign Direct Investment inflows
  

• Booming manufacturing sector

Vietnam's GDP growth rate in 2016 was higher than in 2015 due to increased exports and favorable weather conditions.

• True

• False

 What was Vietnam's current account surplus in 2014? 

•  USD 1.4 billion  

•  USD 1.2 billion  

• USD 2 billion

• USD 1 billion  

What sector dominated Vietnam's export growth in 2017? 

• Electronics

•  Agriculture 

• Construction  

• Automobiles  

What was Vietnam's trade surplus in 2017?

• $7.2 billion

•  $9.8 billion

•  $2.5 billion

•  $12.4 billion

Which sectors contributed significantly to Vietnam’s exports from 2017 to 2019?

• Electronics, textiles, and agriculture

• Machinery, raw materials, and footwear

• Petroleum, chemicals, and automotive

• Textiles, footwear, and furniture