Vietnam: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam

January 24, 2006

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Vietnam: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Summary

This 2005 Article IV Consultation for Vietnam reports that high credit growth in the context of weak bank balance sheets remains a cause for concern. The overall fiscal deficit narrowed from 7.2 percent of GDP in 2003 to 4½ percent of GDP in 2004, but a growing program of off-budget operations has weakened fiscal transparency and heightened concerns about medium-term debt sustainability. Improvements in the reliability, timeliness, and dissemination of key data are urgently needed to enhance the quality of policy analysis and surveillance.

Subject: Commercial banks, Credit, Expenditure, Exports, External debt, Financial institutions, International trade, Public debt

Keywords: Asia and Pacific, Authorities' plan, Authority, Budget, Civil service wage structure, Commercial banks, CR, Exports, Global, Government, Government interference, ISCR, Minimum wage, State equity ratio, Vietnamese authorities

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/022
Stock No:

1VNMEA2006002
ISBN:

9781451840322
ISSN:

1934-7685

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