Vietnam: 2010 Article IV Consultation: Staff Report and Public Information Notice
September 8, 2010
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Real GDP growth slowed somewhat to 5.3 percent in 2009, its slowest pace since 2000, though Vietnam was among the better performers in developing Asia. An immediate challenge is to consolidate the current stable macroeconomic conditions through prudent policies and better communications. Over the medium term, Vietnam needs to implement fiscal consolidation with a view to lowering the public debt-to-GDP ratio. IMF staff welcomed the move to modernize and strengthen fiscal management. Staff argued for further reforms, as state-owned commercial banks (SOCBs) still do not totally follow market-based business principles.
Subject: Banking, Commercial banks, Credit, External debt, Financial institutions, Money, Public and publicly-guaranteed external debt, Public debt
Keywords: Commercial banks, CR, creating flow, Credit, economic activity, Global, government, government financing data, government policy stance, ISCR, Mekong, Ministry of Finance debt department, Public and publicly-guaranteed external debt, rate cap, service-to-revenue ratio, Socio-Economic Development Plan, Vietnam
Pages:
75
Volume:
2010
DOI:
Issue:
281
Series:
Country Report No. 2010/281
Stock No:
1VNMEA2010001
ISBN:
9781455205738
ISSN:
1934-7685
