Vietnam: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam
Electronic Access:
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Summary:
After a strong post-pandemic recovery, the economy faces strong headwinds. A weaker external environment led to a sizable decline in exports. In addition, amidst high private debt and rising global interest rates, a liquidity crunch distressed highly leveraged sectors (in particular, real estate), the corporate bond came to a halt, and nonperforming loans rose. As a result, economic activity decelerated sharply in the first half of 2023. While the government managed to stabilize the markets, risks remain elevated.
Series:
Country Report No. 2023/338
Subject:
Corporate bonds Financial crises Financial institutions Financial markets Fiscal policy International organization Monetary policy Revenue administration Securities markets
Frequency:
regular
English
Publication Date:
September 27, 2023
ISBN/ISSN:
9798400256899/1934-7685
Stock No:
1VNMEA2023003
Format:
Paper
Pages:
95
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