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
January 9, 2002
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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.
Subject: Bank credit, Bank deposits, Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public enterprises
Keywords: authorities aim, authority, Bank credit, budget revenue, Commercial banks, CR, Credit, Global, growth, guideline, ISCR, NPL resolution, Public enterprises, recovery unit, SOCB reform, staff appraisal, state-owned commercial banks, Vietnamese authorities
Pages:
101
Volume:
2002
DOI:
Issue:
004
Series:
Country Report No. 2002/004
Stock No:
1VNMEA0012002
ISBN:
9781451840186
ISSN:
1934-7685
