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
January 24, 2006
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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.
Subject: Commercial banks, Credit, Expenditure, Exports, External debt, Financial institutions, International trade, Public debt
Keywords: Asia and Pacific, authorities' plan, authority, budget, civil service wage structure, Commercial banks, CR, Exports, Global, government, government interference, ISCR, minimum wage, state equity ratio, Vietnamese authorities
Pages:
77
Volume:
2006
DOI:
Issue:
022
Series:
Country Report No. 2006/022
Stock No:
1VNMEA2006002
ISBN:
9781451840322
ISSN:
1934-7685
