This chapter examines fundamental weaknesses in the Vietnamese macro-economy in the context of the current state of the global economy, and analyzes the risks in the macro-economy and financial system of the country. It suggests tentative solutions to minimize these risks, and that should contribute to sustaining economic growth in the long-term. This chapter has five sections. The first reviews theories and international experience related to economic and financial crises, summarizing the major causes, consequences and measures to prevent crises. The second section briefly reviews the development of the Vietnamese macro-economy, with special attention to the recent turmoil and difficulties. The next section examines the major macroeconomic imbalances of the economy, with the core concern stemming from the imbalance between savings and investment. The fourth section studies the current state of the Vietnamese financial system from a macroeconomic perspective. This section also discusses developments related to the process of liberalization in the financial sector, together with relevant aspects of the fiscal and monetary systems, and of the exchange rate. The final section summarizes the potential risks experienced by Vietnam's economy, and proposes policy options to support the sustainable growth of the economy in general and the financial system in particular.