Vietnam: 2008 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam

April 3, 2009

Preview Citation

Format: Chicago

Vietnam: 2008 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Summary

Following an extended period of strong economic performance, Vietnam is facing considerable challenges. Growth moderated to 6.2 percent in 2008. Rapid credit growth fueled by massive capital inflows, coupled with a surge in commodity prices, led to high inflation and large trade deficits in the first half of 2008. Executive Directors have commended the Vietnamese authorities for the significant progress they have made in stabilizing the economy, which was overheating in 2008. Directors have also welcomed the recent improvements in inflation and the trade balance.

Subject: Banking, Commercial banks, Expenditure, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt

Keywords: Aggregate cost, Commercial banks, CR, Debt, Fiscal stance, Global, IMF staff estimate, ISCR, Real GDP, SBV Law, Timber goods, Trading band, U.S. dollar

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/110
Stock No:

1VNMEA2009001
ISBN:

9781451840445
ISSN:

1934-7685

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