IMF Staff Country Reports

Vietnam: 2001 Article IV Consultation and First Review Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria—Staff Report; Staff Statement; Public Information Notice; News Brief; and Statement by the Executive Director for Vietnam

Publication Date:

January 9, 2002

Electronic Access:

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Summary:

This paper assesses Vietnam’s 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver and Modification of Performance Criteria. Economic performance has been positive so far in 2001, under the first-year PRGF-supported program. Despite slowing exports, real GDP growth has been relatively robust, inflation subdued, and the external position has strengthened. All but two of the end-June quantitative benchmarks and performance criteria were observed. The authorities are taking corrective steps and pursuing a policy agenda aimed at sustaining growth and protecting macroeconomic stability.

Series:

Country Report No. 2002/004

Subject:

Bank credit Bank deposits Banking Commercial banks Credit Economic sectors External debt Financial institutions Money Public enterprises