Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam
IMF Staff Country Reports, March 1, 2021
Source details
- Canonical URL
- Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam
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Bibliographic details
- Published: March 1, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513570488.002
Executive summary and recovery
- Successful containment of COVID-19 and strong policy support helped contain the health and economic fallout.
- A strong recovery is underway.
- Growth in 2020 reached 2.9 percent, among the highest in the world.
- Labor market conditions remain weak.
- Corporate balance sheets have worsened, potentially hampering private investment and job prospects.
Financial sector and vulnerabilities
- Banks entered the crisis in a stronger position than in previous years, but weaknesses remain.
- Vietnam’s economy remains heavily reliant on external trade and is vulnerable to trade tensions.
Analytical focus areas (as presented in the publication)
- Commercial banks
- Economic and financial statistics
- Expenditure
- External sector statistics
- Fiscal policy
- Public debt
- Revenue administration
Keywords and thematic emphases
- accommodative monetary policy stance
- CPI methodology
- External sector statistics
- fiscal policy framework
- government financing data
- State budget
International Monetary Fund. Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam (IMF Staff Country Report No. 2021/042).
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- 1vnmea2021001