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WorksheetsThe balance of payments of Vietnam during the last 10 years
Total questions: 12
Worksheet time: 6mins
During the pandemic (2020-2021), what percentage of Vietnam's GDP was attributed to Foreign Direct Investment (FDI)?
50%
65.5%
72.33%
80%
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
How does the balance of payments impact the economy?
It leads to a constant appreciation of the currency
It has no impact on international trade
It affects fiscal policies only
It influences exchange rates and international trade
What is the key role of consumer spending during deflation?
It causes unemployment to rise
It keeps the economy afloat
It reduces government revenue
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
Why did Vietnam's trade surplus decrease in 2023?
Expansion of FDI enterprises
Decrease in global demand due to inflation and recession
Increased demand from the US and Europe
Significant increase in import turnover
What was Vietnam's total import-export turnover in 2023?
$647.87 billion
$371.85 billion
$683 billion
$359.45 billion
