The global financial crisis and the consequences from this crisis are a hot issue for many countries in the world that do not exclude Vietnam. The financial crisis has caused strong impacts on the socio-economic development of many countries and therefore it has become the subject of many workshops and debates with the participation of many economic experts, policy makers, domestic and foreign economic organizations today. Vietnam is participating more and more deeply into the world trading system. Therefore, the consequences from this financial crisis have left the Vietnamese economy with many difficulties and challenges. First of all, these are difficulties because the export market is narrowed, the confidence of investors and consumers is declining, the domestic production and business situation stagnates, socio-economic indicators worrying levels need timely adjustment. The paper discusses the current policy of preventing economic downturns, the successes and limitations of these policies. Finally, proposals for crisis solutions include monetary easing policies, fiscal expansion policies and flexible exchange rate policies.