Vietnam: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam
November 29, 2006
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Overall, macroeconomic performance has remained strong since the conclusion of the last Article IV Consultation. The authorities have introduced market-opening legislation in line with WTO requirements, but state-owned commercial banks (SOCBs) and state-owned enterprise (SOE) reforms remained uneven. The short-term outlook is broadly positive, but medium-term prospects are subject to risks. IMF staff supports the State Bank of Vietnam’s (SBV’s) plan to establish a more flexible exchange rate regime. The balance of payments has remained in surplus.
Subject: Commercial banks, Expenditure, External debt, Financial institutions, Oil prices, Population and demographics, Prices, Public debt
Keywords: bank liquidity, banking sector reform roadmap, Commercial banks, CR, gasoline import tariff, Global, government, government of Vietnam, ISCR, Oil prices, regulation, SBV governor, Socio-Economic Development Plan, subsidy, subsidy element, Vietnamese authorities
Pages:
74
Volume:
2006
DOI:
Issue:
421
Series:
Country Report No. 2006/421
Stock No:
1VNMEA2006008
ISBN:
9781451840384
ISSN:
1934-7685
