FinObservatory

Crisis atlas / VNM

Vietnam

10 distinct crisis events in 5 episodes, 1972–2025, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

5
Banking crises
3
Currency crises
2
Sovereign debt crises
10
Crisis events
1972–2025
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2025
    Bankinglaeven_valencia1 source
  2. 2024
    Bankinglaeven_valencia1 source
  3. 2023
    Bankinglaeven_valencia1 source
  4. 2022
    Bankinglaeven_valencia1 source
  5. 1997
    Sovereign debtgmd, laeven_valencia2 sources
    Bankinggmd, laeven_valencia2 sources
  6. 1987
    Currencygmd, laeven_valencia2 sources
  7. 1985
    Sovereign debtgmd, laeven_valencia2 sources
  8. 1981
    Currencygmd, laeven_valencia2 sources
  9. 1972
    Currencygmd, laeven_valencia2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1972

Currency
Inflation (% y/y)
0204060196719721977
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1981

Currency
Inflation (% y/y)
0200400600197619811986
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1985–1987

Sovereign debtCurrency
Inflation (% y/y)
0200400600198019851992
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0100200300198019851992

1997

BankingSovereign debtFiscal cost 10.0% of GDP, output loss 0.0% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
-2002040199219972002
Policy rate (%)
01020199219972002
Govt debt (% of GDP)
0100200300199219972002

2022–2025

Bankingoutput loss 0.0% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
024201720222025
Policy rate (%)
02.557.5201720222025
Govt debt (% of GDP)
0204060201720222025

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology