GDP: ~$250 Billion, 2/3 export
Debt: ~$120 Billion (45%)
GDP growth >5%
Public sector finance:
Revenues $24.27 billion
Expenditures $28.85 billion (2008 est.)
deficit: $4.5 Billion

Early this years the Vietnamese government stimulated the eccnomy with a $8 Billion Dollar loan interest rate discount to businesses to fire up the economy to over 5%
http://www.thanhniennews.com/business/?c...

This is what happened to the price level:
http://www.indexmundi.com/vietnam/inflat...

Another stimulus was announced just a few days ago
http://www.thanhniennews.com/business/?c...
causing bonds to tank and the Dong to devalue.

Here are M1 and M2
http://www.indexmundi.com/vietnam/stock_...
http://www.indexmundi.com/vietnam/stock_...

What is interesting about this is that the Vietnamese government looks healthier than the US fiscal budget, yet a modest stimulus relative to GDP is causing a huge bout of inflation even though it went predominantly to the supply side.

It seems like this was a huge mistake, but why did they get so hard with inflation and we have not?