MID TERM ASSIGNMENT SUBJECT MACROECONOMICS 2 TOPIC HYPERINFLATION IN VENEZUELA

FOREIGN TRADE UNIVERSITY HO CHI MINH CITY CAMPUS MID-TERM ASSIGNMENT SUBJECT: MACROECONOMICS TOPIC: HYPERINFLATION IN VENEZUELA Group – ML57: Lecturer: Ho Chi Minh City, March 5th, 2022 WORK ASSIGNMENT OF GROUP Name Trần Anh Thư (Leader) Student Code 2011156099 Task Prepare content for 3.1, Hoàng Lê Phương Thảo 2011155544 Powerpoint slide Prepare content for 1.2, Phạm Đăng Thái 2011156094 1.3, 3.1 Prepare content for 2.2, Đặng Thế Trường 2011155650 presentation Prepare content for 3.3, Phan Quang Thịnh 2011155571 presentation Prepare content for 4.1, Nguyễn Khánh Nguyên 2011156098 4.2, 4.3 Prepare content for 3.1, Thảo Nguyễn Mai Trâm 2011156106 Powerpoint slide Prepare content for 3.1, Huỳnh Ngọc Bảo Trân 2011156107 Powerpoint slide Prepare content for 1.1, Dương Ngọc Minh Thư 2011156102 2.1, presentation Prepare content for 1.4, 1.5, 1.6, 3.2 TABLE OF CONTENT TABLE OF CONTENT .i LIST OF FIGURES iii Chapter INTRODUCTION .1 1.1 Rationale of the research 1.2 Aims and objectives 1.2.1 Aims 1.2.2 Objectives 1.3 Scope of the research .2 1.4 Research question 1.5 Research methods 1.6 Structure of research .3 Chapter 2.1 OVERVIEW OF HYPERINFLATION IN VENEZUELA Definition of inflation and hyperinflation 2.1.1 What is inflation? 2.1.2 Types of inflation .4 2.1.3 What is hyperinflation? .6 2.2 The situation of hyperinflation in Venezuela Chapter 3.1 ANALYSIS OF HYPERINFLATION IN VENEZUELA .12 The cause of hyperinflation in Venezuela 12 3.1.1 Phase 1: The presidency of Hugo Chavez (1999 – 2013) 12 3.1.1.1 Overdependence on oil price 12 3.1.1.2 Bolivarian missions 13 3.1.1.3 The exchange control 14 i MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA 3.1.2 3.2 Phase 2: The presidency of Nicolas Maduro (from 2013) .15 The effect of hyperinflation in Venezuela 16 3.2.1 Economic crisis .16 3.2.2 The humanitarian crisis 17 3.3 The solutions of Venezuela’s government to address the hyperinflation 19 3.3.1 Currency redenomination 19 3.3.2 Informal dollarization .19 3.3.3 Fiscal control 20 Chapter CONCLUSION 22 4.1 Sum up about the hyperinflation in Venezuela 22 4.2 The situation of inflation in Vietnam 23 4.3 Implications for Vietnam 25 REFERENCES 26 ii MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA LIST OF FIGURES Figure 2-1: Demand-pull inflation graph Figure 2-2: Cost-push inflation graph Figure 2-3: Hyperinflation due to printing money Figure 2-4: Inflation rate in Venezuela (2010 - 2021) Figure 2-5: Price of a cup of coffee in Bolivars Figure 2-6: Oil production in Venezuela 10 Figure 3-1: Price of crude oil per barrel (West Texas Intermediate) .12 Figure 3-2: GDP of Venezuela 16 Figure 4-1: Inflation rate of Vietnam (1980 - 2020) .21 iii MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC 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MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA Chapter INTRODUCTION Rationale of the research 1.1 Inflation is an unavoidable part of any market economy It is a sign of growth However, it turns out to be a bad sign when the level of inflation goes too high because the amount of galloping escalation will take an entire economy down Hyperinflation is to blame for the majority of global economic crises, including Venezuela's Hyperinflation in this country has far-reaching effects, including political, social, and humanitarian difficulties Venezuela has been in a severe recession for more than ten years, dating back to President Hugo Chavez's presidency in 2010 and continuing under Nicolas Maduro's government This is the country's worst crisis in its history This country has fallen into an economic abyss; hyperinflation has reduced its currency to the worth of “a toilet paper roll” Everyone is a "billionaire" because they have too much money; yet, those notes are priceless; and they are obliged to leave their home, their country GDP plunges year by year, unemployment is rampant, wages are falling, and social benefits deteriorate Venezuela's economic situation will be severely impacted by the Covid-19 pandemic in 2021, and it is expected to plunge more when the oil price is brought to the bottom by Covid-19 in 2019-2020 Although the government has taken significant attempts to promote and restore the economy of the richest city in Latin America, it has been futile as long as hyperinflation persists Therefore, the inflation situation of Venezuela and the government's solution needs to be synthesized, observed, and generalized Then, we will have a greater understanding of the devastating effects of inflation on the economy MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA dramatically from 2,959.8% of last year with monthly inflation rates throughout the year below 50% Venezuela finally witnessed an increase of 4% in its economic growth in 2021 as President Nicolas Maduro announced “Venezuela, after five years of economic warfare, has returned to the path of economic growth” 21 MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC 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MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA Chapter CONCLUSION 4.1 Sum up about the hyperinflation in Venezuela In general, hyperinflation in Venezuela is an inevitable consequence of the government's weak macroeconomic regulation The government of this nation has expected people to have a better life by passing the Bolivarian missions However, they did not know how to balance spending, which led to foreign debt beyond their ability to pay In addition, hyperinflation also comes from the fact that Venezuela's economy is too dependent on oil (oil accounts for 95% of exports), which led to a serious decrease in national revenue when oil prices are low It was for these reasons that the Venezuelan government decided to print more money and the result was the worst hyperinflation in recent years Its exchange control also set the expansion of illegal exchange of currency in the black market, which contributed to the surge of the inflation rate During the period of hyperinflation, a series of social unrest occurred in Venezuela The currency in this South American country seriously depreciated and the national GDP fluctuated greatly In addition, when the currency depreciated too quickly, people could not buy food, leading to hunger raging everywhere The price of basic necessities has also dramatically rocketed so that nobody can afford to buy them Unemployment increased because wages were not enough to pay for daily living, a large number of people have committed crimes and looted in search of food to survive In other words, Venezuelan society in this period was more turbulent than ever Therefore, many people migrated abroad to avoid shortages and difficulties To sum up, hyperinflation in Venezuela is presented by below formula: Foreign debt + Mismanagement of Government + Money printing = Hyperinflation Facing hyperinflation, the government of this country has printed a new sovereign Bolivar currency However, this currency is not trustworthy by the public, which led to terrible dollarization This country then implicitly allowed people to convert Bolivars into USD by liberalizing the exchange control, creating a dual monetary system By this way, 22 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NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA the use of Bolivar currency has been cut down, together with the decrease in spending of the government, contributing to the slow down of the leading factor of hyperinflation printing money To conclude, despite the inflation still being high, it can be said that Venezuela is making efforts to recover from hyperinflation 4.2 The situation of inflation in Vietnam Figure 4-9: Inflation rate of Vietnam (1980 - 2020) Source: vneconomy.com As can be seen from the chart, during the last 41 years, inflation in Vietnam has only decreased in year (2000 and 2001), increased by digit in 22 years, increased by digits in 14 years, and increased by digits in years In the period 1980-1985, the consumer price index (CPI) increased very rapidly The main reason is due to slow economic growth, reduced in some years, imbalance of supply and demand (shortage of supply) and more money than goods In the period 1986-1991, inflation galloped, especially 1986-1988 increased up to 402.1%/year The main reason is due to the economic crisis, low growth, which made the market short of supply, more money than goods An important reason is that the 23 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MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA implementation of the market price roadmap for most of the goods subsidized in kind by quantitative stamps in the previous period created a much higher new general price level In the 1992-1995 period, inflation was still high, but fortunately, it was much lower than in previous periods The main reason is due to increased supply (economic growth from 1991 to 1995 reached 8.2%/year, especially food exceeding domestic demand, there was a large volume of exports The period 1996-2003 is considered as deflation, when the CPI increased very low (although in 1998 it increased by 9.2% due to the impact of the 1997 Asian financial crisis, with the exchange rate increasing by 14.2% in 1997, increasing by 9.6% in 1998 and food prices increased by 8.6% The main reason is due to the remarkable decline in price of food and other agricultural products in the international market Since the year 2004, thanks to increasingly improved macroeconomic policies, inflation in Vietnam has dropped below digits (except years 2008 and 2011 because of the financial crisis and the increase in money is too high compared to the increase in goods) Economy of Vietnam is also a bright spot in the South East Asia region, promising to develop more explosively in the near future In general, Vietnam has also experienced a period of almost hyperinflation like Venezuela (in the years 1986-1988 when the inflation rate was at digits) The cause of this problem is the subsidized bureaucracy and the implementation of the command economy, which caused a shortage of goods supply and made prices higher In recent years, Vietnam has opened up and integrated into the international economy The government has been able to balance domestic supply and demand, leading to stable inflation at single digits It was a great success in economic regulation in Vietnam 24 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MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA 4.3 Implications for Vietnam Looking at hyperinflation in Venezuela, there are some lessons that can be conducted for Vietnam in order to not repeat the same mistakes First of all, Vietnam should not depend too much on certain industries because when a country’s economy relies heavily on certain products, it puts itself at the mercy of international market prices Thus, when prices go down, employment, exports and government revenue suffer Instead, Vietnam ought to diversify the export commodity so that the price of one industry cannot affect the whole economy On the other hand, it is extremely important for our country to have savings for government expenditure in the future By the way, Vietnam must not let foreign debt exceed our ability to pay because this situation can lead to a terrible economic crisis as in Venezuela In addition, from what happened when Venezuela control the exchange rate that was mentioned above, Vietnam should also strictly control the presence of illicit markets, penalize and eliminate the illegal exchange activities that raise the price of the currency 25 MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA REFERENCES Nguyen Cong Huan and Nguyen Van Sam, Tiểu Luận lạm Phát Tại venezuela - môn kinh Tế Học StuDocu (n.d.) Retrieved from https://www.studocu.com/vn/document/truong-dai-hoc-su-pham-ky-thuat-thanhpho-ho-chi-minh/principle-of-economy/tieu-luan-lam-phat-tai-venezuela-mon-kinhte-hoc/17586296 Tran Thi Phuong Nga and Nguyen Nam Phuong, Venezuela inflation hyperinflation in Venezuela Đại học Kinh Tế - Luật StuDocu (n.d.) Retrieved from https://www.studocu.com/vn/document/truong-dai-hoc-kinh-te-thanh-pho-ho-chiminh/corporate-finance/group-12-venezuela-inflation/9360033 Sean Gregory Reilly, 2020 May, Hyperinflation In Venezuela: how to address the problem (n.d.) Retrieved from https://repositories.lib.utexas.edu/bitstream/handle/2152/81586/Reilly%2C%20Sean %20-%20THESIS.pdf?sequence=2 Minh Đức, 2018, August 22, Hành Trình dẫn đến Khủng Hoảng Tại venezuela TapChiTaiChinh Retrieved March 2022, from https://tapchitaichinh.vn/tai-chinhquoc-te/hanh-trinh-dan-den-khung-hoang-tai-venezuela-143019.html 2019, February 4, Venezuela: All you need to know about the crisis in nine charts BBC News Retrieved from https://www.bbc.com/news/world-latin-america- 46999668 LAKSHMI IYER AND FRANCISCO RODRÍGUEZ, 2021, September, Case Study: Hyperinflation in Venezuela Curate.nd.edu (n.d.) Retrieved from https://curate.nd.edu/downloads/und:qf85n874g2w Hoài Nam, 2022, January 1, Vượt Qua Chu Kỳ Lạm Phát Phi Mã Có Ý Nghĩa Như Thế 26 đối Với Kinh tế Venezuela? Bnews.vn Retrieved from MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA https://bnews.vn/vuot-qua-chu-ky-lam-phat-phi-ma-co-y-nghia-nhu-the-nao-doi-voikinh-te-venezuela/229676.html TTXVN, 2022, March 3, Lạm Phát Của venezuela NĂM 2018 CHỈ BẰNG 1/10 so với ước tính CỦA IMF Thời báo Tài Việt Nam Retrieved from https://thoibaotaichinhvietnam.vn/lam-phat-cua-venezuela-nam-2018-chi-bang-110so-voi-uoc-tinh-cua-imf-7586.html 2022, January 8, Venezuela's inflation hit 686.4% in 2021, says Central Bank The Economic Times (n.d.) Retrieved from https://economictimes.indiatimes.com/news/international/business/venezuelasinflation-hit-686-4-in-2021-says-central-bank/articleshow/88780741.cms?from=mdr Anh, V., 2018, August 21, Lý Giải Tình Trạng Siêu Lạm Phát 1.000.000% Venezuela BÁO LAO ĐỘNG Retrieved from https://laodong.vn/the-gioi/ly-giaitinh-trang-sieu-lam-phat-1000000-o-venezuela-626445.ldo Đức Trí, 2019, May 30, Tại Sao MỸ Lại can Thiệp Sâu vào Chính trường Venezuela? Báo Thế giới Việt Nam Retrieved from https://baoquocte.vn/tai-saomy-lai-can-thiep-sau-vao-chinh-truong-venezuela-94950.html Ttxvn, 2019, February (n.d.) Cấm Vận Của MỸ - Nguyên Nhân đằng Sau Khủng Hoảng venezuela Bnews.vn Retrieved from https://bnews.vn/cam-van-cua-mynguyen-nhan-dang-sau-khung-hoang-venezuela/113292.html Quỳnh Như, 2019, August 6, MỸ Cấm Vận Kinh tế toàn diện đối Với Venezuela PLO Retrieved from https://plo.vn/quoc-te/su-kien/my-cam-van-kinh-te-toan-diendoi-voi-venezuela-850305.html Thanh Hảo, 2019, August 8, Lý Lệnh cấm vận MỸ 'vô Nghĩa' Với Venezuela VietNamNet Retrieved from https://vietnamnet.vn/vn/the-gioi/binh-luan-quoc-te/lydo-lenh-cam-van-cua-my-vo-nghia-voi-venezuela-557027.html 27 MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJEC T.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA MID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNME NT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELAMID.TERM.ASSIGNMENT.SUBJECT.MACROECONOMICS.2.TOPIC.HYPERINFLATION.IN.VENEZUELA