IMF Staff Country Reports

Vietnam : 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam

Author/Editor:

International Monetary Fund

Publication Date:

January 24, 2006

Electronic Access:

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Summary:

This 2005 Article IV Consultation for Vietnam reports that high credit growth in the context of weak bank balance sheets remains a cause for concern. The overall fiscal deficit narrowed from 7.2 percent of GDP in 2003 to 4½ percent of GDP in 2004, but a growing program of off-budget operations has weakened fiscal transparency and heightened concerns about medium-term debt sustainability. Improvements in the reliability, timeliness, and dissemination of key data are urgently needed to enhance the quality of policy analysis and surveillance.

Series:

Country Report No. 06/22

Subject:

Article IV consultations Balance of payments Debt sustainability analysis Economic assistance Economic indicators Exchange rate policy Fiscal policy Millennium Development Goals Monetary policy National accounts Public information Recent Economic Developments Reports Social indicators Staff appraisals Staff Reports Technical Assistance Trade liberalization Vietnam