International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12
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 Volume 9, Issue 6 (June 2022), Pages: 1-8

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 Original Research Paper

 The impact of foreign exchange rate on a balance of payments: Issues from Vietnam

 Author(s): Chi Dieu Thi Nguyen 1, *, Hong Thuy Thi Dang 2

 Affiliation(s):

 1School of Banking and Finance, National Economics University, Hanoi, Vietnam
 2School of Trade and International Economics, National Economics University, Hanoi, Vietnam

  Full Text - PDF          XML

 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0003-3136-0132

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2022.06.001

 Abstract:

The foreign exchange rate always changes and impacts many economic issues. One of these issues is the impact of the foreign exchange rate on the balance of payments. Our research focuses on the impact of the exchange rate on Vietnam’s balance of payments. All data was collected from the Vietnamese State Bank in the period from 2000 to 2020. We applied the model with the unit root, Auto-Regressive Distributed Lag (ARDL), and Granger Causality Test to evaluate the impact of the foreign exchange rate on the balance of payments. The findings indicated that Vietnam’s foreign exchange rate has a significant positive impact on the balance of payment. The result implied that when the foreign exchange rate is stable, it seems to create a developed and effective economic environment. All these contributions are an important base for improving Vietnam’s balance of payments as well as Vietnam’s economy. By deeply analyzing issues of Vietnam’s foreign exchange rate and its effect, we propose some orientations and solutions for Vietnam’s government and managers in issuing suitable economic policies in the future. 

 © 2022 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: ARDL, Balance of payments, Exchange rate, Vietnam

 Article History: Received 12 January 2022, Received in revised form 24 March 2022, Accepted 24 March 2022

 Acknowledgment 

No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Nguyen CDT and Dang HTT (2022). The impact of foreign exchange rate on a balance of payments: Issues from Vietnam. International Journal of Advanced and Applied Sciences, 9(6): 1-8

 Permanent Link to this page

 Figures

 Fig. 1 Fig. 2

 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7

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