DOI:

Abstract

Vietnam, as a developing country, has been highly dollarized since the early 1990s and this problem has greatly deteriorated in recent years. However, high level of dollarization is not always a disadvantage in different economies. In fact, the world saw some countries achieve success in their initial stages of dollarization such as Zimbabwe in its attempt to curb inflation and Cambodia to attract FDI. This paper is to deal with the forms of dollarization and its advantages and disadvantages and then present the facts of Vietnam's dollarization and solutions to this.

Keywords

Dollarization; Bank Deposit; Inflation; Balance Of Payments.