Promoting high-level internal force and striving to enlist external force is a main guideline of the Party in the progress of industrialization and modernization. While promoting internal force is considered the determining factor for the development, taking advantage of external force by seriously mobilizing external resources, through integration and international cooperation, is considered an importance factor.

Fiscal policy and state budget system have made major contributions to such results, with clear manifestations in macroeconomic tools, production development orientations, market regulation, price stabilization, and social living standards, etc.

In recent years, there have been many unexpected things happened in the world in economic, politic, and natural terms. This has made the world economy fall in difficult and struggling conditions. Vietnam is not an exception as the country has deeply integrated into the world economy. This working paper will review some major happenings in the world in 2011 and examine their potential impacts to Vietnam, thereby proposing some recommendations for proper responses by Vietnam

Public investment is widely understood as investments made from State’s capital of all kind, including development investment from State budget, governmental bonds, state credit, development investment made by State owned enterprises (SOEs) and other capital sources of the State

In modern economic development, due to limited resources and tend to increasingly scarce, so the leading engine of development is to improve science and technology and thus scientific and technological activities play a decisive role to improve productivity and output.

In Vietnam, apart from the VND, there are two other means of payment that are gold and US dollar. Especially, in the recent stages of inflation, when confidence of the people in the domestic currency fell down, role of gold and US dollar has been confirmed. Therefore, there is a much close relationship among gold, US dollar and CPI in Vietnam. Any changes of one of the three types of prices also affects the other prices.