Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam

July 18, 2016

Preview Citation

Format: Chicago

Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This 2016 Article IV Consultation highlights that Vietnam’s economy has experienced solid growth with low inflation, reflecting policy attention to maintaining macroeconomic stability. Economic performance was robust through most of 2015, driven by rapid export growth, foreign direct investment, and strong domestic demand. Manufacturing and exports moderated near year-end, reflecting slowing external demand. Inflation declined below 1 percent in 2015 before ticking upward in early 2016 owing to higher food and administered prices. For 2016, growth is projected to moderate to about 6 percent, reflecting the adverse agriculture shock, lower external demand, and spillovers of tighter global financial conditions.

Subject: Banking, Credit, Exchange rate flexibility, Financial institutions, Foreign exchange, Inflation, Money, Nonperforming loans, Prices, Public debt

Keywords: Core inflation, CR, Credit, Exchange rate flexibility, Foreign direct investment inflow, Global, Headline inflation, Inflation, ISCR, Mekong, Monetary policy stance, Nonperforming loans, Policy repo rate, Prudential ratio, Staff appraisal

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/240
Stock No:

1VNMEA2016001
ISBN:

9781498373890
ISSN:

1934-7685

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