We note that in recent years much emphasis has been given to the achievement of economic
stability by Vietnam. Many examples of improvement have been cited: inflation reduced from
20% (2011) to 1% (mid 2015), VND depreciation declining from 8% (2011) to 2% (2015). These
are mainly the achievements of monetary policy. They are well known to the public and well
covered in the media (domestic and foreign). However, the area of fiscal policy does not get
equal attention.