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
IMF Staff Country Reports, April 3, 2009
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: April 3, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840445.002
Macroeconomic assessment and developments
- Growth moderated to 6.2 percent in 2008.
- Rapid credit growth, fueled by massive capital inflows, contributed to macroeconomic pressures in 2008.
- A surge in commodity prices led to high inflation and large trade deficits in the first half of 2008.
- The economy was described as overheating in 2008.
Executive Board and staff observations
- Executive Directors commended the Vietnamese authorities for the significant progress they have made in stabilizing the economy, which was overheating in 2008.
- Directors welcomed the recent improvements in inflation and the trade balance.
Thematic coverage (subjects and keywords included in the report)
- Subjects: 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
Document and availability notes
- Report title: 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
- Publication date shown: April 3, 2009
- Pages: 68
- Series: Country Report No. 2009/110
- ISSN: 1934-7685
- DOI: https://doi.org/10.5089/9781451840445.002
International Monetary Fund. "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".