## Vietnam: 2018 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, July 10, 2018_

## Source details

**Canonical URL:** [Vietnam: 2018 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064/bundle-manifest.json)

## Bibliographic details
- Published: July 10, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484367155.002

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### Summary findings
- 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.

### Economic performance and drivers
- 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.

### Risks, constraints, and longer-term challenges
- 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.

### Policy implications and recommendations
- Use the window of strong economic performance to:
  - Boost investment.
  - Ensure durable growth.
  - Strengthen resilient balance sheets.
  - Reduce the external surplus.
- Continue reforms in the banking sector.
- Pursue privatizations and further cuts in red tape to improve efficiency.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18215.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18215.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/07/10/vietnam-2018-article-iv-consultation-press-release-and-staff-report-46064_