{
  "title": "Vietnam: 2018 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, July 10, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064",
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  "summary": "2017 was a bumper year of broad-based and non-inflationary growth. Reforms continued, including in the banking sector, privatizations and cuts in red tape. The momentum is expected to continue, aided by reforms, higher potential output, and the global recovery.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- 2017 was a bumper year of broad-based and non-inflationary growth.\n- Reforms continued, including in the banking sector, privatizations and cuts in red tape.\n- Momentum is expected to continue, aided by reforms, higher potential output, and the global recovery.\n- Economic distortions and capacity constraints remain, as do external and domestic risks and longer-term challenges.\n- The strong economy provides an opportunity for additional reforms to boost investment, ensure durable growth and resilient balance sheets, and reduce the external surplus."
    },
    {
      "heading": "Economic performance and drivers",
      "content": "- Broad-based growth in 2017 coupled with low inflation (described as \"non-inflationary growth\").\n- Ongoing reform areas highlighted: banking sector, privatizations, reduction of red tape.\n- External environment: global recovery expected to support momentum."
    },
    {
      "heading": "Risks, constraints, and longer-term challenges",
      "content": "- Persistence of economic distortions.\n- Capacity constraints limiting further expansion.\n- External and domestic risks remain material.\n- Longer-term challenges associated with sustaining growth and ensuring financial sector resilience."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Use the window of strong economic performance to:\n  - Boost investment.\n  - Ensure durable growth.\n  - Strengthen resilient balance sheets.\n  - Reduce the external surplus.\n- Continue reforms in the banking sector.\n- Pursue privatizations and further cuts in red tape to improve efficiency.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 10, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484367155.002",
    "2017 was a bumper year of broad-based and non-inflationary growth.",
    "Reforms continued, including in the banking sector, privatizations and cuts in red tape.",
    "Momentum is expected to continue, aided by reforms, higher potential output, and the global recovery.",
    "Economic distortions and capacity constraints remain, as do external and domestic risks and longer-term challenges.",
    "The strong economy provides an opportunity for additional reforms to boost investment, ensure durable growth and resilient balance sheets, and reduce the external surplus.",
    "Broad-based growth in 2017 coupled with low inflation (described as \"non-inflationary growth\").",
    "Ongoing reform areas highlighted: banking sector, privatizations, reduction of red tape.",
    "External environment: global recovery expected to support momentum.",
    "Persistence of economic distortions.",
    "Capacity constraints limiting further expansion.",
    "External and domestic risks remain material.",
    "Longer-term challenges associated with sustaining growth and ensuring financial sector resilience.",
    "Use the window of strong economic performance to:",
    "Continue reforms in the banking sector.",
    "Pursue privatizations and further cuts in red tape to improve efficiency.",
    "**Country Report**"
  ],
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