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Dollarization can be an effective solution for the open economy, relatively
small and trade relations as well as the financial close for the country
providing alternative currency. Vietnam is not obvious candidates
to benefit from dollarization due to major differences compared to US wealth, economic structure and
low integration of capital markets, labor. In addition, although the dollar is the currency
of international major, is a priority in the balance of Vietnam, rather than co-
euro or yen, but Vietnam has diversified trade relations with
countries rest of the world. Although trade with the US is growing, but trade
with Asian countries, especially Japan and Europe also weighs
considerably.
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