Vietnam and the International Monetary Fund the "import substituting and non-tradable" sectors like construction and telecommunication as opposed to investment in exportable goods and services. In 2001, Vietnam sent a letter of intent to the IMF to receive a loan to fund the Poverty Reductions and Growth Funds arrangement. In order to create a greater macroeconomic stability for Vietnam they would rely on the monetary policy while under shock scenarios as it has proven to lift off interest rates. According to IMF records, Vietnam is still paying that loan and continues their membership with the IMF. Since 2012, the Vietnamese dong closely tied to the U.S.
Land reform in South Vietnam against Viet Cong in South Vietnam. Drawing on experiences in other countries (particularly in Latin America), Prosterman proposed a "land-to-the-tiller" program to compete with the Viet Cong for the allegiance of the peasants. The plan mimicked the communists' land expropriation strategy, coupled with monetary compensation to the former landowners. On 26 March 1970, with the war still underway, the government of South Vietnam began implementation of the Land-to-the-Tiller program following Prosterman's model. In total, the United States financed 339 million US dollars of the reform's 441 million dollars of expenses. Individual land holding was limited to 15 hectares. Legal titles